Photographer: Angus Mordant/Bloomberg via Getty Images
The Department of Justice says it doesn't see enough reason for regulators to block Capital One's (NYSE: COF) $35 billion acquisition of Discover (NYSE: DFS), the New York Times reports.
Why it matters: The DoJ had been considered the most likely roadblock to the deal.
Between the lines: Under Biden, the DoJ had voiced concerns about the deal. This week, it concluded the investigation, per the Times.
The deal still requires approval from the Federal Reserve and Comptroller of Currency.
By the numbers: Shares of Discover are still trading at a discount to the acquisition price, by about 3.5%.
