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Ant Financial's plan to acquire U.S. money transfer company MoneyGram International Inc. collapsed Tuesday after a U.S. government panel rejected it over national security concerns, the most high-profile Chinese deal to be torpedoed under the administration of U.S. President Donald Trump. The $1.2 billion deal's failure represents a blow for Jack Ma, the executive chairman of Chinese internet conglomerate Alibaba Group Holding Ltd., who owns Ant Financial together with Alibaba executives.The MoneyGram deal is the latest in a string of Chinese acquisitions of U.S. companies that have failed to clear CFIUS, including the $1.3 billion purchase by China-backed buyout fund Canyon Bridge Capital Partners LLC of U.S. chip maker Lattice Semiconductor Corp.Ant Financial was looking to take over MoneyGram not so much for its U.S. presence but to expand in growing markets outside of China.
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