US firm outbids Chinese giant in bid to buy MoneyGram

U.S. electronic payments company Euronet Worldwide has outbid Chinese competitor Ant Financial to buy MoneyGram.

MoneyGram officials said the company would "carefully review and consider" Euronet's unsolicited $1 billion offer.

Ant Financial, an affiliate of Chinese e-commerce giant Alibaba, last month announced plans to buy MoneyGram for $880 million.

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