By Ian Walker

 

Sumo Group PLC said Monday that it has agreed to a 919 million ($1.27 billion) takeover by Tencent Holdings Ltd.

Under the deal, accepting shareholders of the U.K. provider of services to the videogames industry will get 513 pence in cash for each share held. The offer price is a 43% premium to Friday's closing price of 358 pence.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

July 19, 2021 02:44 ET (06:44 GMT)

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