You are here

Alibaba's Ant Financial in overseas push with MoneyGram deal

Saturday, January 28, 2017 - 05:50

BT_20170128_MONEYGRAM_2714261.jpg
Ant Financial said it would assume or refinance MoneyGram's outstanding debt, which stood at US$937.3 million on a net basis as of Sept 30.

New York

ANT Financial Services Group, the world's largest financial technology company, said on Thursday that it would acquire US money-transfer company MoneyGram International Inc for about $880 million in a deal that is expected to shake up the international payments landscape.

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom