12:56 PM EDT, 04/03/2025 (MT Newswires) -- Capital One Financial's ( COF ) planned acquisition of Discover Financial Services ( DFS ) received the Justice Department's go-ahead after the agency told regulators it did not see any concerns that warranted blocking the deal, The New York Times reported Thursday, citing two people with knowledge of the matter.

The Justice Department, which had raised concerns over the $35 billion merger during the Biden administration, sent a letter this week to the Federal Reserve and the Office of the Comptroller of the Currency saying it did not see sufficient competition concerns to block Capital One's purchase, according to the report.

Representatives for the Justice Department and Capital One declined to comment to the NYT.

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