WorldFirst to Spin Off US Operation for Takeover by Ant Financial

A year ago US regulators nixed a deal for Chinese fintech giant Ant Financial’s buyout of MoneyGram; this time around they are taking no chances; Ant Financial has been in talks since late last year to acquire UK-based money transfer company WorldFirst; WorldFirst has a US operation that began in 2011; it will be spun off this month so this new deal cannot be derailed by US regulators; this will be Ant Financial’s first big push into the European market. Source.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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