Western Union (WU +1%) is close to inking a deal to buy part of Apax Partners' foreign-exchange...

|About: The Western Union Company (WU)|By:, SA News Editor

Western Union (WU +1%) is close to inking a deal to buy part of Apax Partners' foreign-exchange business for about $1B, according to sources. Mostly involved in consumer transactions, the purchase would allow the firm to add potentially more lucrative corporate business.