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Euronet Worldwide trumps Ant Financial's offer to buy MoneyGram

Friday, March 17, 2017 - 05:50

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Ant Financial dominates China's online payment market but has been ramping up investment overseas amid fierce rivalry at home.

New York

US electronic-payments company Euronet Worldwide Inc launched a US$1 billion bid for rival MoneyGram International Inc 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

sentifi.com

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