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January 27, 2017 11:50 am GMT
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 toregulatory… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/rqNDRc_8yvg/
Alibabas Ant Financial is buying MoneyGram for $880M to expand its global presence
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 toregulatory… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/rqNDRc_8yvg/
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