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 Nasdaq-listed MoneyGram in April 2017 after it beat off a rival bid from… Read More

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