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ANT FORCED TO ABANDON MONEYGRAM PURCHASE DUE TO REGULATORY PRESSURE

ANT FORCED TO ABANDON MONEYGRAM PURCHASE DUE TO REGULATORY PRESSURE

Ant Financial, the digital payments arm of Alibaba, has been forced to abandon a merger with MoneyGram, having failed to satisfy the US government that the deal posed no risk to US national security. Ant announced a deal to buy MoneyGram for about $880 million in cash almost a year ago, saying it would jump-start [...]

The post ANT FORCED TO ABANDON MONEYGRAM PURCHASE DUE TO REGULATORY PRESSURE appeared first on Payments Cards & Mobile.

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