Discover Sells Goldfish To Barclays For $70M

  • April 1, 2008
Discover Financial Services completed the sale of its Goldfish credit card business, based in the UK, to Barclays Bank PLC for approximately $70 million in cash, subject to a potential post-closing adjustment.

Barclays acquired the card portfolio consisting of approximately 1.7 million Goldfish and affinity card accounts with approximately $3.9 billion of receivables, the Goldfish brand, its operating facilities, certain legal entities and staff.

--Nina M. Lentini

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