Alibaba affiliate Ant Financial announced a surprise deal to acquire international payment service MoneyGram for $880 million last month, but that looks like being just the start of its M&A activities. A source at the company confirmed to TechCrunch that it is close to raising nearly $3 billion in debt financing in order to bankroll further acquisitions,…

via Alibaba’s Ant Financial is raising $3B in debt to finance a global M&A spree — TechCrunch

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