According to Street Insider, former major Ripple partner MoneyGram could be purchased by private equity firm Advent.
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PE-Firm Advent in Talks to Acquire MoneyGram - Street Insider$MGI
— *Walter Bloomberg (@DeItaone) July 16, 2021
MoneyGram used to be a major partner of the Ripple blockchain decacorn. However, on March 9, the company officially terminated its partnership with MoneyGram.
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Prior to that, the latter distanced itself from Ripple after the U.S. securities regulatory agency initiated a lawsuit against it and two of its top-tier executives—co-founder Christopher Larsen and current chief executive Bradley Garlinghouse.
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Tue, 03/09/2021 - 05:47
Ripple Officially Ends Its Partnership with MoneyGram
A few days after the partnership was terminated, Ripple Labs sold all of the MoneyGram shares it held.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team