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MoneyGram, Ant Financial terminate merger agreement


Added 01-02-18 05:04:01pm EST - “MoneyGram International and Alibaba's Ant Financial Services Group said on Tuesday they have agreed to terminate their amended merger agreement.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “MoneyGram, Ant Financial terminate merger agreement”. Below is an excerpt from the article.

Published January 02, 2018 Mergers and Acquisitions Reuters

FILE PHOTO - A Moneygram logo is seen outside a bank in Vienna, Austria, June 28, 2016. REUTERS/Heinz-Peter Bader/File Photo (Copyright Reuters 2017)

MoneyGram International Inc (MGI) and Alibaba Group Holding Ltd’s (BABA) Ant Financial Services Group said on Tuesday they have agreed to terminate their amended merger agreement.

The companies were unable to get an approval for the deal from the Committee on Foreign Investment in the United States (CFIUS), according to a joint statement.

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