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March 14, 2017 02:36 pm GMT
Alibaba’s conquest to own a piece of the global money transfer industry just suffered a huge blowafterEuronet outbid itsfintechaffiliate business for the proposed acquisition of MoneyGram, a popularoption for cross-border money transfers. Ant Financial, the Alibaba-controlled unit that runs Alipay among other services, bid $880 million for MoneyGram back in January, but now… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Xb3-iUwRC6E/
Euronet outbids Alibabas Ant Financial with $1 billion offer for MoneyGram
Alibaba’s conquest to own a piece of the global money transfer industry just suffered a huge blowafterEuronet outbid itsfintechaffiliate business for the proposed acquisition of MoneyGram, a popularoption for cross-border money transfers. Ant Financial, the Alibaba-controlled unit that runs Alipay among other services, bid $880 million for MoneyGram back in January, but now… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/Xb3-iUwRC6E/
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