Capital One’s $5.15 Billion Brex Bet Hints at Something Bigger Brewing in Finance |
Alongside the Warner Bros. Discovery bidding war and a new JPMorgan Chase advisory group, Capital One’s latest money move may be a sign of things to come.
BY BRIAN CONTRERAS, STAFF WRITER @_B_CONTRERAS_
Photo: Getty Images
In what could be another positive sign of rising M&A tailwinds this year, Capital One announced Thursday that it’s buying the enterprise fintech powerhouse Brex, known for its corporate credit cards, in a deal valued at $5.15 billion.
The financial services giant says it agreed to make the purchase for a combination of stock and........