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Western Union Makes Offer To Acquire MoneyGram

Western Union (WU) has made a bid to purchase MoneyGram (MGI), though no final decision has been made on the matter and a deal may not occur, Bloomberg reports.

Western Union recently made a takeover offer for MoneyGram, said the person, who asked to not be identified because the matter isn’t public. No final decision has been made and Western Union could opt to not proceed with a potential deal, the person said.

Back in 2015, Western Union attempted to purchase MoneyGram.  A transaction would bring together two of the largest U.S. money providers.

More to come as this story is just developing…..

First brought to our attention from @2020xrp

Full Interview From 2019 with Western Union CEO Speaking on Ripple:
Western Union is still looking at Ripple and testing Ripple according to the CEO
“Look, hey, I’m open, any cost savings, any innovation. I’m there. We can sign a deal tomorrow”

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