Western Union is reportedly making a takeover bid for MoneyGram

Western Union is said to be looking at rival MoneyGram as a potential takeover candidate. Bloomberg Reports. The deal would merge two of America’s largest money transfer and remittance services.

Colorado-based Western Union has reportedly made a takeover bid for MoneyGram, but no decision has been made and the acquirer may choose to proceed without a deal. Neither party commented on the deal.

At the end of the first quarter of 2020, MoneyGrams …

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