Former Ripple partner MoneyGram in talks about purchase by PE company Advent

Yuri Molchan

The private equity firm Advent is negotiating the takeover of the transfer giant MoneyGram

According to Street Insider, the former large Ripple partner MoneyGram could be bought by the private equity firm Advent.

PE-Firmen-Advent in talks about the takeover of MoneyGram – Street Insider $ MGI

– * Walter Bloomberg (@DeItaone) July 16, 2021

MoneyGram was previously an important partner of the Ripple Blockchain Decacorn. However, on March 9, the company officially ended its partnership with MoneyGram.

The latter had previously distanced itself from Ripple after the US securities regulator filed a lawsuit against him and two of its senior executives – co-founder Christopher Larsen and current chairman Bradley Garlinghouse.

A few days after the partnership ended, Ripple Labs sold all of the MoneyGram shares it held.

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