AdSlot1 forces Sage out of the running for Pegasus with all-share bid

The £48.5m bid convinced rival Sage to withdraw despite the company’s strong interest in Pegasus which was announced in December.

Pegasus received a 430p per share cash offer from Australia’s Solution 6 before Christmas, but the new offer values the shares at 658p.

But although the new bid puts Solution 6 in the shadows, analysts have been quick to point out the risks attached to internet stocks which are extremely volatile at the moment. floated as recently as December 2 and helps small and medium-sized companies to establish a commercial presence on the internet.

Software house battle looms as Sage considers joining in takeover bidding for Pegasus

Related reading