Alibaba’s Ant Financial is buying Dallas-based MoneyGram for $880M to expand its global presence

Jon Russell posted: "Alibaba is taking a big step into the U.S. — but it isn’t necessarily what you might think.

Its affiliate Ant Financial has revealed it is buying U.S. payments firm MoneyGram for $880 million. Ant Financial is paying $13.25 per share for NASDAQ-listed M"

New post on TechCrunch

Alibaba’s Ant Financial is buying MoneyGram for $880M to expand its global presence

by Jon Russell

Alibaba is taking a big step into the U.S. — but it isn’t necessarily what you might think. Its affiliate Ant Financial has revealed it is buying U.S. payments firm MoneyGram for $880 million. Ant Financial is paying $13.25 per share for NASDAQ-listed MoneyGram, a jump on the $11.88 price it held at the beginning of […]

Read more of this post

Jon Russell | January 27, 2017 at 3:50 am | Tags: Ant Financial, alibaba, jack ma, moneygram, fintech | Categories: Asia, Fundings & Exits | URL: http://wp.me/p1FaB8-63Ka

Comment See all comments
Unsubscribe to no longer receive posts from TechCrunch.
Change your email settings at Manage Subscriptions.

Trouble clicking? Copy and paste this URL into your browser:
http://techcrunch.com/2017/01/27/alibaba-ant-financial-moneygram/

Thanks for flying with WordPress.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s