In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million. The size of the commission fee for the transfer is charged according to the Western Union tariffs and depends on the amount of money sent. In 1849, Selden and Sibley, the founders of the future Western Union, created the New York State Printing Telegraph Company. In the summer of 1990 top managers of the Western Union Company spent day and night in the main office in Englewood (Colorado, USA). They needed to meet the challenge: to save the Western Union from bankruptcy, paying off the debts of the company millions of dollars.