Pace in Google talks
SET top box maker Pace is in discussions with Google over a potential takeover of its Motorola Home business.
Trading in ordinary Pace shares was suspended this afternoon as the company confirmed it had made a bid.
If the deal went ahead it would amount to a reverse takeover with Motorola Home valued at between $1.5bn and $2.5bn.
However, there has been speculation that Google might help to finance the deal itself in order to offload the business.
According to analysts, a Pace tie-up with Motorola Home could... For the full story register now for free or login below...