Wednesday, 3 January 2018

US blocks $1.2bn 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.