Deals
Euronet-MoneyGram Talks Said to Progress Slowly on Data Access
- Longtime rivals still haggling over due diligence materials
- Euronet aiming to scuttle sale to Jack Ma’s Ant Financial
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Takeover talks between Euronet Worldwide Inc. and MoneyGram International Inc. are progressing slower than expected, according to people familiar with the matter, underscoring tensions between the longtime rivals as Euronet seeks to scuttle billionaire Jack Ma’s bid.
Euronet was hoping for a speedy deal. Yet more than a week after entering a non-disclosure agreement to discuss its offer, it still hasn’t gotten a full peek at MoneyGram’s non-public financial data, said the people, who asked not to be identified because the matter isn’t public.