Alibaba’s Ant Financial is buying MoneyGram for $880M to expand its global presence

moneygram-2 Alibaba is taking a big step into the U.S. — but it isn’t necessarily what you might think. Its affiliate Ant Financial has revealed it is buying U.S. payments firm MoneyGram for $ 880 million. Ant Financial is paying $ 13.25 per share for NASDAQ-listed MoneyGram, a jump on the $ 11.88 price it held at the beginning of trading on Wednesday. The deal is subject to regulatory… Read More
Fundings & Exits – TechCrunch

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