With latest buy, Ant Financial makes global push

Alibaba’s financial affiliate pays $880 million to acquire MoneyGram, highlighting its ambition to broaden its service offerings in the face of stiff domestic competition.

Danny Leung

January 27, 2017

Ant Financial is set to pursue the biggest acquisition in its history after agreeing to take over US remittance service provider MoneyGram International for $880 million, continuing a recent — and aggressive — approach to offshore acquisitions by the company.

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