MoneyGram’s extensive range of services would likely complement Ant Financial’s various businesses, which include Alipay and money market fund Yu’e Bao. Photo: Bloomberg
MoneyGram’s extensive range of services would likely complement Ant Financial’s various businesses, which include Alipay and money market fund Yu’e Bao. Photo: Bloomberg
Alibaba

Alibaba affiliate Ant Financial to acquire MoneyGram in US$880 million deal

Transaction marks Ant Financial's biggest corporate takeover in the United States

MoneyGram’s extensive range of services would likely complement Ant Financial’s various businesses, which include Alipay and money market fund Yu’e Bao. Photo: Bloomberg
MoneyGram’s extensive range of services would likely complement Ant Financial’s various businesses, which include Alipay and money market fund Yu’e Bao. Photo: Bloomberg
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