On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 590 AM Kalamazoo, MI

Weather

Current Conditions(Kalamazoo,MI 49001)

More Weather »
66° Feels Like: 66°
Wind: N 14 mph Past 24 hrs - Precip: 0.02”
Current Radar for Zip

Today

AM Clouds/PM Sun 75°

Tonight

Partly Cloudy 54°

Tomorrow

Sunny 76°

Alerts

Western Union nearing $1 bln purchase of Travelex unit: report

A Western Union sign is seen in New York
A Western Union sign is seen in New York

(Reuters) - Western Union Co , the world's largest payment transfer company, is in talks to buy a division of Apax Partners LLP's Travelex foreign-exchange business for about $1 billion, Bloomberg reported.

The deal to acquire Travelex's global business-payments unit may be announced as early as next week, the report said, citing people with knowledge of the matter.

Travelex is the world's largest non-bank provider of foreign-exchange services to corporations, according to its website.

Western Union declined to comment.

(Reporting by Brenton Cordeiro; Editing by Prem Udayabhanu)

Comments