Daily News

CFIUS scrutiny spells end of Chinese company’s bid for U.S. financial services firm

January 04, 2018
Adding to what Chinese state-run media is warning could be a turbulent year in trade relations with the U.S., a bid by Ant Financial Services Group -- an affiliate of the Chinese giant Alibaba Group -- to acquire the U.S. financial services firm MoneyGram has been called off because the companies were unable to address concerns raised by the national security watchdog Committee on Foreign Investment in the United States. Analysts told Inside U.S. Trade that the merger's end...

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