Wednesday, January 3, 2018

Dropping its bid to acquire MoneyGram amidst resistance from U.S. regulators, China's Ant Financial says it will instead pursue "strategic business cooperation" with the American company

A. Spokesman

Ant Financial

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"While Ant Financial won't have a direct ownership relationship with MoneyGram, we look forward to working closely with the MoneyGram team to make our platform even more accessible."  (It will take longer than we originally planned, but we will still ultimately get access to MoneyGram's technology, people and consumer data.)