EuronetRSS

Ant Financial wins MoneyGram board approval after upping bid to $1.2bn

MoneyGram

China’s Ant Financial Services Group appears to have beat back a surprise challenge by Euronet Worldwide to acquire MoneyGram. After raising its offer for the money transfer giant by more than one-third, to $1.2 billion, Ant Financial’s bid has earned the approval of MoneyGram’s board of directors.

MoneyGram board to further consider Euronet proposal

Euronet and Ant Financial sweet on MoneyGram

Money transfer giant MoneyGram can give further consideration to Euronet’s surprise bid to acquire the company from under the nose of Ant Financial.

Euronet bugs Ant Financial with MoneyGram move

Moneygram goes Ant Financial way

Payments firm Euronet has proposed to buy money transfer operator MoneyGram International for $15.20 per share – in turn becoming a pest to Ant Financial’s acquisition plans. As Banking Technology reported in January, Alibaba’s affiliate Ant Financial planned to splash out $880 million for MoneyGram – its first acquisition of a US-listed company. Euronet says […]

@banking
techno