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

Responses are currently closed, but you can trackback from your own site.

Comments are closed.