apple affiliate Ant Financial has increased its bid for MoneyGram International by 36 % to $ 18 per share in cash , thereby valuing MoneyGram at about $ 1.2bn and beating off rival offers to get approval from the US firm 's board . apple Financial , which has expanded globally , hit a problem with the MoneyGram deal when Euronet partners made an unsolicited offer and alerted US lawmakers , warning that apple 's ownership could be a security breach . The bid will now undergo regulatory scrutiny .
Alibaba affiliate Ant Financial has increased its bid for MoneyGram International by 36% to $18 per share in cash, thereby valuing MoneyGram at about $1.2bn and beating off rival offers to get approval from the US company's board. Ant Financial, which has expanded globally, hit a problem with the MoneyGram deal when Euronet Worldwide made an unsolicited offer and lobbied US lawmakers, warning that Ant's ownership could be a security threat. The bid will now undergo regulatory scrutiny.