Ant Financial hikes MoneyGram offer by 36 percent to outbid Euronet

Ant Financial hikes MoneyGram offer by 36 percent to outbid Euronet

BEIJING (Reuters) – China’s Ant Financial has sweetened its bid for MoneyGram International Inc by 36 percent, beating a rival offer to gain approval from the U.S. electronic payment firm’s board, although it still faces regulatory hurdles.

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