Alibaba’s Ant Financial Hikes Bid for MoneyGram Acquisition to $1.2 billion

[kreslik.news]

Ant Financial, e-commerce giant Alibaba’s financial arm, announced on Monday that it has raised the value of its bid to acquire U.S. money-transfer company MoneyGram to $1.2 billion, up 36 percent of its original $880 million offer, as well as making it more lucrative than what was offered by Euronet.

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The company which owns Alipay, one of China’s biggest online payment platforms, was forced to sweeten its bid after U.S.-based Euronet Worldwide Inc jumped in the game last month with an unsolicited $1 billion offer. The Ant’s new offer ... (read more)