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US regulators have launched an investigation into the proposed £919m acquisition of listed video game developer Sumo Group by Chinese technology giant Tencent. ....
under Part 26 of the UK Companies Act 2006 Summary · The boards of Tencent Holdings Limited ( Tencent ) and Sumo Group plc ( Sumo ) are pleased to announce that they have reached an agreement on the terms of a recommended all cash acquisition by Tencent, through its indirect wholly-owned subsidiary, Sixjoy Hong Kong Limited ( Tencent Bidco ), of the entire issued and to be issued ordinary share capital of Sumo which members of the Tencent Group do not already own. · Under the terms of the Acquisition, Sumo Shareholders will be entitled to receive: for each Sumo Share: 513 pence in cash
· The price of 513 pence in cash for each Sumo Share values the entire issued and to be issued share capital of Sumo at approximately £919 million on a fully diluted basis. ....