The MoneyGram International office in Frankfurt, Germany. Photo: EPA-EFE

US shoots down MoneyGram’s sale to China’s Ant Financial

Alibaba’s financial affiliate drops US$1.2 billion deal to buy MoneyGram after US panel raised national security concerns over the acquisition.

Topic |   Mergers & Acquisitions

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The MoneyGram International office in Frankfurt, Germany. Photo: EPA-EFE
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