Capital One is reportedly in discussions to acquire Discover Financial Services, potentially creating a merger of two major US credit card companies. The deal, still in the negotiation phase, may be announced soon. While the specific price is not confirmed, Discover Financial Services was valued at around $28 billion, and Capital One at about $52 billion. Acquiring Discover would provide Capital One with access to a credit card network with 305 million cardholders. Discover has been undergoing changes, with a new CEO appointed and efforts to improve corporate governance following a decline in profits in the fourth quarter of 2023.