Washington blocks the redemption of MoneyGram, by Alibaba

There will eventually be no merger between the american expert in electronic payments MoneyGram International and Ant Financial Services, the financial arm of the chinese giant of e-commerce Alibaba Group Holding. The us regulatory authorities were opposed Tuesday, January 2, with this purchase.

In a joint statement, the two groups announced that they were willing to give up this approximation of $ 1.2 billion, ” if they have not obtained the mandatory approval of the Committee on foreign investment in the United States (CFIUS) “. They have deplored the refusal, ” despite considerable efforts to respond to the concerns of the committee “.

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