The US Government Blocks MoneyGram’s $1.2B Sale to Alibaba’s Ant Financial
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Re: The US Government Blocks MoneyGram’s $1.2B Sale to Alibaba’s Ant Financial
#2Who gets blamed if MoneyGram folds as a company since this deal was blocked? It seems like another pyrrhic victory for donald and his friends.
Re: The US Government Blocks MoneyGram’s $1.2B Sale to Alibaba’s Ant Financial
#3> Back in September, a private equity group was blocked from purchasing Lattice Semiconductor due to potential security risks. Prior to the Trump administration, just three deals had been blocked over the past 27 years.
Does anyone know how many acquisitions (and not deals) like these happen during last 27 years?
I tried searching and found this article from Obama's administration:
https://qz.com/863997/chinas-decades-long-acquisition-spree-...
Most of it talks about acquiring stakes but not outright acquisition. But the interesting parts is here
> In a document, the US Government Accountability office specifically singled out the rise of Chinese companies with state ties as worthy of more scrutiny, noting that some acquisitions might ultimately be bad for competition.
> Meanwhile, in November, President Obama played a direct role in blocking China’s Fujian Grand Chip from purchasing the German semiconductor firm Aixtron.
Re: The US Government Blocks MoneyGram’s $1.2B Sale to Alibaba’s Ant Financial
#4Who gets blamed if MoneyGram folds as a company since this deal was blocked? It seems like another pyrrhic victory for donald and his friends.
Please, MoneyGram will fold because they are often caught assisting money launderers and fraudsters in addition to their exploitative fee structure.
Re: The US Government Blocks MoneyGram’s $1.2B Sale to Alibaba’s Ant Financial
#5Just buy a gross revenue share. They can't block that easily.
Re: The US Government Blocks MoneyGram’s $1.2B Sale to Alibaba’s Ant Financial
#6Who gets blamed if MoneyGram folds as a company since this deal was blocked? It seems like another pyrrhic victory for donald and his friends.
Please, MoneyGram will fold because they are often caught assisting money launderers and fraudsters in addition to their exploitative fee structure.
and crypto
Re: The US Government Blocks MoneyGram’s $1.2B Sale to Alibaba’s Ant Financial
#7Here's a recent primer on Ant Financial's relationship with social status ranking and government relations --
Re: The US Government Blocks MoneyGram’s $1.2B Sale to Alibaba’s Ant Financial
#8> Back in September, a private equity group was blocked from purchasing Lattice Semiconductor due to potential security risks. Prior to the Trump administration, just three deals had been blocked over the past 27 years. Does anyone know how many acquisitions (and not deals) like these happen during last 27 years? I tried searching and found this article from Obama's administration: https://qz.com/863997/chinas-decade…
> > In a document, the US Government Accountability office specifically singled out the rise of Chinese companies with state ties as worthy of more scrutiny
i suppose you could say this about almost anywhere, to varying degree, but especially in a place like china: isn't that basically every company? (re: 'state ties')
Re: The US Government Blocks MoneyGram’s $1.2B Sale to Alibaba’s Ant Financial
#9It's an extremely reasonable, ideal way to deal with China's one-way economic behavior.
They don't allow foreign corporations to buy up their domestic companies. They place foreign companies at an intentionally severe disadvantage. You can hardly operate in the country at all without selling a big part of your operations to a domestic entity (or otherwise being the minority partner). Every developed nation is beginning to approach China similarly on this issue. It'll keep getting worse for China on this issue until they begin dismantling their extreme protectionism.
Re: The US Government Blocks MoneyGram’s $1.2B Sale to Alibaba’s Ant Financial
#10How is this an issue of national security?