AdSlot1 close to victory in battle to buy Pegasus last month trumped a £30 million offer from Australian software group Solution 6 with a £45.8 million bid.

Last week software supplier Electronic Data Processing also said it was considering making a bid.

Sage has also indicated that it may be interested in buying Pegasus.

But today’s 796p-a-share offer by Freecom has been recommended by Pegasus.

Jonathan Hubbard-Ford, chief executive of Pegasus said: ‘We believe this revised offer fairly values Pegasus and we look forward to the opportunity to build on both companies’ e-commerce strengths to create a powerful force in the SME sector.’ forces Sage out of the running for Pegasus with all-share bid

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