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Ant Financial set to purchase MoneyGram for $880 million

Ant Financial has stepped up its international expansion by reportedly buying US money-transfer service MoneyGram International for $880 million. The $880 million acquisition marks Ant’s first deal with a US-listed company, as it begins to explore markets beyond a home arena it already dominates. The transaction will connect MoneyGram’s network of 2.4 billion bank and mobile [...]

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