Tim Culpan, Columnist

Jack's Back. With More Money, Too

At last, Ant Financial has found another $320 million to bid for MoneyGram.

April 17, 2017 at 2:18 AM UTC

Tim Culpan is a former Bloomberg Opinion columnist covering technology in Asia. Previously, he was a technology reporter for Bloomberg News.

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Finally, Jack Ma has offered a price for MoneyGram International Inc. that he should have three months ago.

Late Sunday in the U.S., Ant Financial Group, an affiliate of Alibaba Group Holding Ltd., announced it would increase its bid by 36 percent to $18 per share.