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Director / Editor: Victor Teboul, Ph.D.
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Chinese Takeover Bid for US-based MoneyGram Scrutinized

The financial industry is closely watching Alibaba affiliate Ant Financial's attempt to acquire Dallas-based MoneyGram International, the world's second biggest money transfer company after Western Union. Ant is offering $1.2 billion, more than U.S.-based competitor Euronet Worldwide. If successful, the deal would turn Ant Financial into a financial behemoth with access to MoneyGram's vast network of 350,000 outlets of retail shops, post offices and banks across 200 countries....


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