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KM Financial Solutions | UPDATE 5-U.S. blocks MoneyGram sale to China’s Ant Financial on national security concerns
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UPDATE 5-U.S. blocks MoneyGram sale to China’s Ant Financial on national security concerns

02 Jan UPDATE 5-U.S. blocks MoneyGram sale to China’s Ant Financial on national security concerns

Posted at 10:02h in News by
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Jan 3 (Reuters) – Ant Financial’s plan to acquire U.S. money
transfer company MoneyGram International Inc collapsed
on Tuesday after a U.S. government panel rejected it over
national security concerns, the most high-profile Chinese deal
to be torpedoed under the administration of U.S. President
Donald Trump.

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