What happened Shares of MoneyGram International (NASDAQ: MGI) were nearly 13% higher as of 3:20 p.m. EDT today after Bloomberg reported that multiple parties were interested in acquiring the company. So what Bloomberg, citing anonymous sources, reported that the interest in acquiring MoneyGram, one of the largest money-transfer companies in the U.S., is coming from the cross-border payments company Stellar Development Foundation and a private equity firm called Advent. The two are reportedly working together on a potential acquisition. This isn't the first time there have been takeover rumors regarding MoneyGram. Last year, its biggest rival, Western Union (NYSE: WU), had supposedly been interested in acquiring the company. And in 2017, the Chinese financial firm Ant Group, partly owned by Alibaba Group Holding (NYSE: BABA), actually announced its intention to acquire MoneyGram. But the deal ultimately fell apart after U.S. regulators rejected it due to national security concerns. Image source: Getty Images. Now what It's common for shares to rise amid takeover rumors because buyers typically pay a premium when acquiring a company. But MoneyGram is a complex stock to speculate on, simply because it has been the subject of so many prior takeover rumors. Still, the company has been doing a lot of work around digital transformation. It has updated its IT infrastructure and improved its customer service and compliance operations, and now a significant amount of its transactions are made digitally. MoneyGram also recently completed a long-standing settlement deal with the U.S. Department of Justice, so things do appear to be moving in a positive direction for the company, aside from the acquisition rumors. 10 stocks we like better than MoneyGram InternationalWhen our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and MoneyGram International wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 7, 2021 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Alibaba Group Holding Ltd. The Motley Fool has a disclosure policy.Source