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Pace in Google talks

11th December 2012

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Pace

Pace

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 ......for the full story register now for free or login below...


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