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Moneygram Buys PropertyBridge

Moneygram International Inc. (NYSE: MGI) has agreed to acquire PropertyBridge Inc., an Oakland-based provider of electronic payment processing services for the real estate management industry. No financial terms were disclosed. PropertyBridge had raised around $2 million in a 2006 venture round led by Claremont Creek Ventures. www.moneygram.com www.propertybridge.com