{"id":21766,"date":"2017-02-09T11:23:11","date_gmt":"2017-02-09T11:23:11","guid":{"rendered":"https:\/\/www.edristi.in\/?p=21766"},"modified":"2017-02-09T11:23:11","modified_gmt":"2017-02-09T11:23:11","slug":"acquisition-of-moneygram","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/acquisition-of-moneygram\/","title":{"rendered":"Acquisition of MoneyGram"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Question: Acquisition of MoneyGram International Inc., United States based money transfer company was announced by which of the following company-<\/strong><br \/>\n(a) Numero Uno Finance<br \/>\n(b) Ant Financial<br \/>\n(c) Toshiba Financial<br \/>\n(d) Rent Financial<br \/>\n<strong>Ans: (b)<br \/>\nRelated facts:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>On 26 January 2017; Alibaba affiliate Ant Financial announced the acquisition of U.S. money-transfer firm MoneyGram.<\/li>\n<li>Ant Financial acquired MoneyGram for USD 880 million.<\/li>\n<li>Stockholders of MoneyGram being offered $13.25 per share in cash.<\/li>\n<li>The transaction will connect MoneyGram&#8217;s money transfer network of 2.4 billion bank and mobile accounts and 350,000 physical locations with Ant Financial&#8217;s users.<\/li>\n<li>The combination will provide consumers in over 200 countries and territories with convenient and accessible financial services, which furthers Ant Financial&#8217;s mission to promote equal access to financial services globally.<\/li>\n<li>The services of MoneyGram and Ant Financial are highly complementary.<\/li>\n<li>MoneyGram, which will remain headquartered in Dallas and continue to operate under its existing brand.<\/li>\n<li>It will be able to leverage Ant Financial&#8217;s global presence and existing network to serve more than 630 million users &#8212; including 450 million with Alipay and 180 million with India&#8217;s leading mobile payment provider Paytm &#8212; to increase MoneyGram&#8217;s transaction volume across the broad Asia-Pacific region.<\/li>\n<li>The transaction will also help expand Ant Financial&#8217;s business in new global markets following its recent partnerships with Paytm in India and Ascend Money in Thailand.<\/li>\n<li>The acquisition is expected to close in the second half of 2017.<\/li>\n<li>Alipay.com is a third-party online payment platform. It was launched in China in 2004 by Alibaba Group and its founder Jack Ma.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Reference:<\/strong><br \/>\n<a href=\"http:\/\/ir.moneygram.com\/releasedetail.cfm?releaseid=1009287\" target=\"_blank\">http:\/\/ir.moneygram.com\/releasedetail.cfm?releaseid=1009287<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: Acquisition of MoneyGram International Inc., United States based money transfer company was announced by which of the following company- (a) Numero Uno Finance (b) Ant Financial (c) Toshiba Financial (d) Rent Financial Ans: (b) Related facts: On 26 January 2017; Alibaba affiliate Ant Financial announced the acquisition of U.S. money-transfer firm MoneyGram. Ant Financial [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":21672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-21766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/21766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=21766"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/21766\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/21672"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=21766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=21766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=21766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}