Capital One Buys Discover! Is This Game Changer or Just Another Assist?!

Another One Bites the Dust? Not on My Watch!

Alright folks MJ here and you know I don't usually talk about anything that doesn't involve winning but this Capital One Discover deal has got everyone buzzing. Apparently the feds gave the thumbs up for Capital One to snag Discover for a cool $35.3 billion. Thirty five BILLION! That's more than I made in my entire career... adjusted for inflation maybe. They say the Fed looked at all the angles: money management helping communities the whole shebang. Sounds like they did their homework but let's be real everyone's got a plan 'til they get punched in the mouth.

26% Premium? I Call That a Dunk!

So Discover shareholders are getting 1.0192 Capital One shares for every Discover share they own. That's a 26% bump from Discover's closing price back when this whole thing started. Now I know a good deal when I see one. I made a few myself. 26%? That's like getting a wide open layup in the Finals! You gotta take it. Bottom line: Capital One's lookin' to expand their empire. They're grabbin' Discover's deposit base and beefing up their credit card game. Smart move but the real test is what they do with it.

60/40 Split? Sounds Like a Bad Free Throw Percentage!

After the deal Capital One shareholders own 60% of the new company and Discover shareholders get the remaining 40%. Sounds a bit lopsided to me! That's like Pippen only getting 40% of the credit for those Bulls championships. Not gonna fly! But hey that's business. I always said you gotta win at all costs but you also gotta make sure everyone gets their due. Let's hope they treat those Discover folks right.

May 18th? Mark Your Calendars!

Capital One and Discover are saying this deal should close on May 18th. That's the day the earth stood still... Wait that was a movie. But still May 18th is a big day in the world of finance apparently. I'll be keeping an eye on things making sure this merger doesn't end up like some of those bad decisions some teams made on draft day. Believe that!

Let Them Compete? I Always Say Bring it On!

I saw Jamie Dimon chimed in saying 'Let them compete'. Well no duh! That's what it's all about! Competition makes you better. It pushes you to be your best. That's what drove me to win six championships. And that's what should drive these companies to serve their customers better. So Capital One Discover don't get complacent. Stay hungry. Because in the end only the best will survive.

My Final Word? Win!

Look I don't know much about banking or credit cards but I know a little something about winning. And in this game the goal is always the same: be the best. So Capital One Discover good luck. But remember there's always room for improvement. You gotta want it more than anyone else. You gotta be relentless. You gotta… well you gotta be like Mike! Now if you'll excuse me I gotta go practice my golf swing. Gotta stay on top of my game even in retirement. See ya!