US blocks MoneyGram sale to Ant Financial


A US government panel rejected Ant Financial’s acquisition of US money transfer company MoneyGram International over national security concerns, the companies said on Tuesday, the most high-profile Chinese deal to be torpedoed under the administration of US President Donald Trump.  The $1.

2-billion deal’s collapse represents a blow for Jack Ma, the executive chairman of Chinese internet conglomerate Alibaba Group who owns Ant Financial together with Alibaba executives. He was looking to expand Ant Financial’s.

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