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Euronet Worldwide trumps Ant Financial's offer to buy MoneyGram

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...

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