Capital One to buy fintech firm Brex in $5.15 billion deal
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Capital One Financial will acquire fintech firm Brex in a $5.15 billion cash and stock deal, announced on January 22. The transaction will be executed on a 50-50 cash-stock basis. This acquisition comes as dealmakers anticipate increased mergers and market entries in the retail and consumer goods sectors. Additionally, Capital One reported a rise in fourth-quarter profit, with net income reaching $2.06 billion, up from $1.02 billion a year earlier.
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