The US government blocks MoneyGram’s $1.2B sale to Alibaba’s Ant Financial


 The proposed acquisition of global payment service MoneyGram by Alibaba’s Ant Financial is off after the U.S. government blocked the $1.2 billion deal.
Ant Financial, the Alibaba affiliate which controls Alipay — China’s top mobile wallet — and other financial services, announced a deal to buy MoneyGram in April 2017 after it beat off a rival bid from Euronet. Ant… Read More

Read Original: Techcrunch
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