⚖US blocks sale of Moneygram to China’s Ant Financial

By Batteries, Bank, 7 Finance

⚖US blocks sale of Moneygram to China’s Ant Financial.

The US has blocked the $1.2bn (£880m) sale of money transfer firm Moneygram to China’s Ant Financial, the digital payments arm of Alibaba.

It is the highest profile Chinese deal to be rejected by Washington since Donald Trump came to power.

Regulators overseeing foreign investments in the US had refused to support the takeover, the firms said.

The geopolitical environment had “changed considerably” since the merger was announced last year, they added.

BBC News

http://www.bbc.com/news/business-42549537

Ant Financial, MoneyGram deal off: MGI stock falls

https://www.cnbc.com/2018/01/02/ant-financial-moneygram-deal-off-mgi-stock-falls.html

More from tokioX :

  1. China Evergrande’s Foreign Bonds: Abolish Dollar Repayment, Appropriate Shares!
  2. China: 4 major banks, profit decline for the first time in 10 years: Loan expansion despite bad debt
  3. HSBC boosts bad loan provisions, sees second quarter profit plunge as coronavirus crushes global business activity
  4. Eurasia Development Bank (EABR): Non-Swift clearing starts-Eurasian Economic Union (EEU) member countries
  5. Dianrong scales down its business amid regulatory crackdown
  6. Santander to shut 140 branches
  7. Russia Gazprom: yen-denominated private placement issue – totaling 80 billion yen / guaranteed by JBIC