Posted inChina

Alibaba-MoneyGram deal faces more scrutiny, CFIUS to issue verdict soon

The bipartisan effort to put the brakes on Alibaba affiliate Ant Financial’s US$1.2 billion acquisition of US money transfer firm MoneyGram continued last week, reports the Financial Times. Lawmakers requested a review of the deal by the Committee on Foreign Investments in the US (CFIUS), a multiagency group with the power to veto the takeover. […]

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