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    U.S. Blocks Chinese Company's $1.2 Billion Takeover Of MoneyGram

    The rejection comes despite Chinese billionaire Jack Ma's attempts to form ties with the Trump administration; he visited Trump Tower in January of last year.
    by Bill Chappell Jan 03, 2018 1 minute
    Alibaba Executive Chairman Jack Ma visited President-elect Donald Trump in January of 2017, as his company was launching an attempt to buy MoneyGram.

    Chinese billionaire Jack Ma's yearlong effort to buy U.S. money transfer company MoneyGram is now over, after American regulators objected to the $1.2 billion deal. Ma's Ant Financial Services Group has dropped its bid for the Dallas-based company.

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