The Street – Alibaba Will Try Yet Again to Get Approval for $1.2 Billion MoneyGram Deal

The two will now resubmit their application to CFIUS amid heightened scrutiny of Chinese/American investments from both nation’s leaders.

September 18, 2017

‘Ant Financial, an affiliate of Chinese e-commerce giant Alibaba Group Holding, will attempt for the third time to get approval from authorities for its takeover of United States payments firm MoneyGram International, according to media reports, amid greater scrutiny of Chinese investments in the US.’

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