It is time to face reality on cross-border M&A. Alibaba founder Jack Ma cosied up to the Trump administration earlier and more extensively than other business leaders. The flattery failed to deliver the goods. On Tuesday, the $1.2bn takeover of MoneyGram by Ant Financial, controlled by Mr Ma, was scuppered on national security concerns.
是時候面對跨境併購的現實了。阿里巴巴(Alibaba)創辦人馬雲(Jack Ma)比其他商業領袖更早、更賣力地向川普政府獻殷勤。這樣的奉承未能帶來好的結果。週二，馬雲控制的螞蟻金服(Ant Financial)以12億美元收購速匯金(MoneyGram)的交易被美國外國投資委員會(CFIUS)以國家安全爲由否決。
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