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Euronet Worldwide trumps Ant Financial's offer to buy MoneyGram

Euronet Worldwide trumps Ant Financial's offer to buy MoneyGram

Tuesday, March 14, 2017, 7:56 PM

US electronics payments processor Euronet Worldwide Inc offered to buy US money-transfer company MoneyGram International Inc for more than USD 1 billion, trumping a bid by Ant Financial Services Group, the payment affiliate of China's Alibaba Group Holding Ltd. Euronet, which has made more than 35 acquisitions, has four money transfer businesses, including Ria, IME, HiFX and XE. Euronet focuses more on independent agents.
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