CMGE Agrees to Merge with Pegasus

2015/6/10 18:53:00 (Beijing Time)   Source:Reuters    By:Kshitiz Goliya

Mobile games developer China Mobile Games and Entertainment Group Ltd (CMGE.O) said it agreed to merge with Pegasus Investment Holdings Ltd in a deal valued at about $690 million.

The deal price of $22 per American depositary share (ADS) represents a premium of 9.8 percent to China Mobile's Monday closing price.

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