Alibaba Increases Acquisition Bid for MoneyGram

Alibaba has reportedly increased its bid for payments company MoneyGram; Alibaba initially announced the acquisition in January which will broaden its payments network; new terms of the deal increase the offer price to $18 per share from $13.25 and have been approved by the board of directors; the increased deal value follows a competing bid from Euronet Worldwide. Source

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments