The US has blocked the $1.2 billion sale of money transfer firm Moneygram to China's Ant Financial, the digital payments arm of Alibaba.
It is the highest profile Chinese deal to be rejected by Washington since Donald Trump came to power.
Regulators overseeing foreign investments in the US had refused to support the takeover, adding that the geopolitical environment had changed considerably since the merger was announced last year.
Last modified onWednesday, 10 January 2018 13:39
- Countries: United_States