Capital One to Acquire Brex for $5.15 Billion in Cash-and-Stock Deal

Overview

• Consideration is roughly evenly split between cash and Capital One stock.
• Closing is targeted for mid-2026, according to the companies.
• Brex will retain its own structure, with co-founder Pedro Franceschi continuing as CEO.
• Capital One says the acquisition broadens its corporate payments and spend-management footprint.
• The news was released alongside fourth-quarter results, shares fell before trimming losses, and it marks the bank’s largest deal since last year’s roughly $35 billion Discover purchase.