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Discover to Buy Diners Club

April 9th, 2008

Discover just signed an agreement with Citi to acquire Diner Club for $165M. Diners club is all but extinct, but this merger may bring some hope into Diners Club's future. Since Discover is now settled along with Visa and MasterCard it's possible that we will see the ability to accept Diners Club cards pushed to all businesses that currently process credit cards.

Press Release: Discover Financial Services to Acquire Diners Club International Network

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