Capital One Agrees to Acquire Fintech Brex for $5.1 Billion.
Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3
Database: Business Source Ultimate 2 of 3
Authored By: Smith, Paige; Mason, Emily 3 of 3
Abstract
The article focuses on Capital One Financial Corp.'s agreement to acquire Brex, a financial-technology company specializing in corporate expense management and accounting, for $5.15 billion. The acquisition will be financed with approximately 50% cash and 50% stock, marking Capital One's largest deal since its acquisition of Discover Financial Services. Capital One's CEO emphasized that this acquisition will enhance their position in the business payments marketplace. The deal is expected to be finalized in mid-2024, with Brex's CEO, Pedro Franceschi, continuing to lead the company post-acquisition. [Extracted from the article]
Additional Information
- Source:Bloomberg.com. 2026/01, pN.PAG
- Document Type:Article
- Subject Area:Business and Management
- Publication Date:2026
- Accession Number:191075867
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