MoneyGram International Inc. would receive a $60 million fee if its planned sale to Ant Financial Services Group is terminated, according to a regulatory filing.
If MoneyGram causes the deal to fall through, however, it would owe Alipay (UK) Ltd., the payments platform company and subsidiary of Ant Financial Services, $30 million. Ant Financial Services is an affiliate of the Chinese e-commerce giant Alibaba Group Holding Ltd.
In addition, if the Committee on Foreign Investments in the United States — the regulator that oversees international deals for American companies — does not approve the transaction, MoneyGram would receive $17.5 million.