In early February we reported about the plans of the most expensive financial company of China, Ant Financial, in particular about its plans to buy money transfer company MoneyGram for $880 million.
MoneyGram later received a better bid worth $1 billion from local company. At the same time, it was reported that the deal with the Chinese company might be a headache for MoneyGram, because it would require more scrutiny by regulators.
Despite this, Ant Financial, which by the way is owned by the head of Alibaba Jack MA, said that it is willing to pay for a deal a much greater amount. The new offer now is worth $1.2 billion, or $15,2 per share.
Subscribe to UzReport.uz
in Telegram, to be the first to know about the main news and important events of the day.