Alibaba’s Ant Financial is buying MoneyGram for $880M to expand its global presence
January 27, 2017 at 06:50 AM EST
Alibaba is taking a big step into the U.S. — but it isn’t necessarily what you might think. Its affiliate Ant Financial has revealed it is buying U.S. payments firm MoneyGram for $880 million. Ant Financial is paying $13.25 per share for NASDAQ-listed MoneyGram, a jump on the $11.88 price it held at the beginning of trading on Wednesday. The deal is subject to regulatory… Read More
