MoneyGram and Ant Financial Call Off Merger, Citing Regulatory Concerns<br />And the regulatory concerns, part of the review process by the Committee on Foreign Investment in the United<br />States, or Cfius, could spell trouble for other Chinese companies considering major acquisitions.<br />“The geopolitical environment has changed considerably since we first announced the proposed transaction<br />with Ant Financial nearly a year ago,” said the chief executive of MoneyGram, Alex Holmes.<br />The two companies, MoneyGram and Ant Financial, said that it was clear that Cfius would not approve the deal, despite their efforts to quell concerns.<br />MoneyGram and Ant Financial of China called off their planned merger on Tuesday after failing to get regulatory approval in the United States.<br />The deal between MoneyGram and Ant Financial was seen as a test of the Trump administration’s political and regulatory approach with China.
