News
04 May 2017

China's Ant readies $3.5bn loan to fund MoneyGram buy

Region:
Americas, Asia-Pacific

Ant Financial, an affiliate of Chinese online shopping giant Alibaba, is close to signing a $3.5 billion loan to help fund its purchase of US money transfer company MoneyGram International. The deal, which is pending approval from US authorities, would help Ant build a cross-border network.

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