Posted inChinaWorld

Euronet trumps Alibaba’s Ant Financial offer to buy MoneyGram

US electronic payments company Euronet Worldwide launched a US$1 billion bid for rival MoneyGram International on Tuesday, arguing that its all-American deal would face less regulatory scrutiny than a lower bid by China’s Ant Financial Services Group. Ant Financial, the financial services affiliate of Alibaba Group Holding, said it remained committed to the deal. “MoneyGram […]