In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million. 1980 - for the first time in the history of Western Union revenues from money transfers exceeded the income from the telegraph service. In 1860 the U.S. Congress arranged among the telegraph companies a competition to create a national line. The winner was Western Union. 1970 - a new service called In 1849, Selden and Sibley, the founders of the future Western Union, created the New York State Printing Telegraph Company.