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Alibaba's Ant Financial in overseas push with MoneyGram deal

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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.

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