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US: Western Union in talks to buy rival MoneyGram

By  |  May 5, 2015

Western Union the world’s largest money transfer company, is in early-stage talks to acquire smaller rival MoneyGram International, Bloomberg reported, citing people with knowledge of the matter.

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    Western Union and MoneyGram, the two dominant players in the remittance industry are facing price competition as companies including WorldRemit, TransferWise and Wal-Mart Stores.

    Talks may still fall apart, Bloomberg said in its report. One potential hurdle is whether regulators would block the deal on antitrust grounds, the report said.

     

    Full content: Bloomberg

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