Tag: MGI
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Ant Financial is investing $880 million to acquire Moneygram International (NASDAQ:MGI)
According to latest reports, Ant Financial, the digital payments arm of online shopping giant Alibaba Group Holding Ltd. (NYSE:BABA), is set to acquire Moneygram International (NASDAQ:MGI) for $880 million. Reports said that US-based MoneyGram has almost 350,000 outlets in nearly 200 countries, meanwhile Ant Financial has above 630 million users. The purchase by the Alibaba…