US blocks MoneyGram sale to Chinese firm over security concerns

Jan 4, 2018 | Veterans News | 0 comments

Alibaba founder Jack Ma’s $1.2bn takeover plan is most high-profile Chinese deal to be rejected by Trump administrationAlibaba founder Jack Ma’s plan to acquire money transfer company MoneyGram has collapsed after a US government panel rejected it over national security concerns, the most high-profile Chinese deal to be torpedoed by Donald Trump’s administration. The $1.2bn (£885m) deal’s failure represents a blow forMa, the executive chairman of the Chinese internet conglomerate. Continue reading…

Source: https://www.theguardian.com/business/2018/jan/03/us-blocks-moneygram-sale-chinese-firm-security-concerns

You May Also Like

Source:

Source:

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

3 × four =