Moneygram News

Companies

MoneyGram, EbixCash sign deal to expand money transfer services in India

MoneyGram will be able to reach additional consumers through Ebix's 320,000 distribution outlets spread across 768 districts, 4,000 citiesThis deal also aims to service inward remittance volumes of $3 billion annually

1 min read13 Jan 2020
News

China ministry says protectionist sentiment rising in US

China's commerce ministry says protectionist sentiment is rising in US after Ant Financial's plan to buy US money transfer firm MoneyGram collapsed

1 min read11 Jan 2018
Companies

MoneyGram deal collapse may force a rethink at Ant Financial

Ant Financial, controlled by Alibaba co-founder Jack Ma, abandoned a plan to buy MoneyGram after failing to win approval for the deal from a key government panel

3 min read4 Jan 2018
Industry

Jack Ma’s Ant Financial eyes more deals in global expansion

Ant Financial's Douglas Feagin says will announce more 'partnerships' this year with a focus on Asia and also 'actively assess' other markets

2 min read18 May 2017
Companies

Ant Financial raises MoneyGram bid by 36% to fend off Euronet

Ant Financial's revised bid for MoneyGram is worth $18 a share in cash, up from a previous offer of $13.25

3 min read17 Apr 2017
Opinion

It’s a good thing Jack Ma’s back. And with more money, too

Late Sunday, Ant Financial Group, an affiliate of Jack Ma's Alibaba, announced it would increase its bid for MoneyGram by 36% to $18 per share

1 min read17 Apr 2017
News

Jack Ma’s latest US expansion plan threatened by Trump agenda

US Representatives urged the Committee on Foreign Investment to conduct a 'full and thorough' investigation of Ant Financial's proposed acquisition of MoneyGram

3 min read2 Apr 2017
Industry

Euronet bids to take over MoneyGram, topping Jack Ma’s Ant Financial

Euronet is offering $15.20 for each share of MoneyGram and would assume $940 million of the company's debt

1 min read14 Mar 2017
Industry

Alibaba’s Ant Financial to raise as much as $3 billion in debt: report

Banks have made 'soft pitches' to help Ant Financial raise funds, most likely through loans, to be used by the company for acquisitions and for boosting existing investments

1 min read9 Feb 2017
Industry

Jack Ma’s Ant Financial buys MoneyGram for $880 million

The deal will connect MoneyGram's network of 2.4 billion bank accounts with Ant Financial's customers, who use a broad suite of technology-based financial services

1 min read26 Jan 2017
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