OpenAI's venture capital fund is owned by Sam Altman, Capital One makes a bid for Discover, and Venezuela turns away illegal migrants sent back from the U.S.
The combination of Capital One and Discover would much smaller than Visa and MasterCard; and more inline with Amex would there be other aspects concerning regulators?
depends on the incentives of the major political class shareholders.
look at the recent example with JetBlue not being allowed to take over Spirit even though American/United/Southwest/Delta are all bigger than the combined $JBU/$SAVE airline.
Take a look at why JBU and SAVE merger did not go through, what you may find should not be surprising and is probably a precedent for denial of CapOne and Discover. Maybe..?
lol the polar bear
The combination of Capital One and Discover would much smaller than Visa and MasterCard; and more inline with Amex would there be other aspects concerning regulators?
depends on the incentives of the major political class shareholders.
look at the recent example with JetBlue not being allowed to take over Spirit even though American/United/Southwest/Delta are all bigger than the combined $JBU/$SAVE airline.
Take a look at why JBU and SAVE merger did not go through, what you may find should not be surprising and is probably a precedent for denial of CapOne and Discover. Maybe..?
Good read! What is your view on AI debacle?