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US govt blocks Ant Financial takeover of MoneyGram

2018-01-03 13:31:00| Telecompaper Headlines

(Telecompaper) The US government has blocked the planned takeover of MoneyGram by Alibaba's Ant Financial Services Group due to security concerns. The two companies have abandoned the merger but said they plan to cooperate still in the remittance and digital payments markets.

Tags: financial blocks ant govt

Category:Telecommunications

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