U.S. Blocks Chinese Company's $1.2 Billion Takeover Of MoneyGram
The rejection comes despite Chinese billionaire Jack Ma's attempts to form ties with the Trump administration; he visited Trump Tower in January of last year.
by Bill Chappell
Jan 03, 2018
1 minute
Chinese billionaire Jack Ma's yearlong effort to buy U.S. money transfer company MoneyGram is now over, after American regulators objected to the $1.2 billion deal. Ma's Ant Financial Services Group has dropped its bid for the Dallas-based company.
Announcing the spiked
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