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🚀 Capital One’s $35 Billion Deal to Buy Discover

🚀 Capital One’s $35 Billion Deal to Buy Discover

PLUS: Google offers 300% salary hike to retain talent, Walmart to acquire Vizio in a $2.3 billion deal

February 21, 2024

Dear founder, here’s your 3-minute recap (without the fluff):

Capital One’s $35 billion deal to buy Discover
Google offers a 300% salary hike to retain talent
Walmart to acquire Vizio in $2.3 billion deal
New tools, funding updates & job postings

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🗞️ News

Capital One: $35 Billion, Year's Biggest Deal

Capital One plans to buy Discover Financial Services for more than $35 billion. This move aims to combine two big credit card companies in the United States. Capital One wants to tap into Discover's large network of over 300 million cardholders. However, there are regulatory challenges ahead. Authorities will closely examine how this merger might affect competition and consumers.

If the deal goes through, it could change the credit card industry a lot. But there are worries about Capital One having too much power and control over prices, especially with credit card debt on the rise in the country.

Google Offers 300% Salary Hike to Retain Talent

Google is offering a big pay raise—300% more—to keep an employee from leaving for an AI startup. This shows how tech companies are trying hard to hold onto key people, even as others are cutting jobs. Google knows that having experts in AI is super important for staying ahead in technology, so they're ready to pay big to keep them.

This could change how other companies keep their top talent and shows how much value there is in AI skills.

→ More details about Google’s offer

Walmart to Acquire Vizio in $2.3 Billion Deal

Walmart is set to acquire TV manufacturer Vizio in a $2.3 billion deal aimed at boosting its advertising business. With Vizio's SmartCast Operating System, Walmart aims to innovate in television and in-home entertainment, providing new opportunities for advertisers to engage customers.

This move allows Walmart to better compete in the smart TV market, enhancing its offerings against rivals like Amazon and Roku. The acquisition, subject to regulatory approval, signals Walmart's strategic push into connected TV advertising, leveraging Vizio's technology for a scaled advertising platform.

→ Learn more about Walmart’s $2.3B deal