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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.

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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