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Pace seeks to take over Motorola set-top boxes

Pace is one of several companies reportedly seeking to buy Motorola's set-top box division from owner Google.

11 December 2012

Set-top box maker Pace is in talks with Google over a possible acquisition of the division of Motorola that makes the devices.

Merger and acquisition consultants may have a big role to play in such a process, which Pace has said is not certain to proceed just yet.

The company stated: "Discussions with Google are at a preliminary stage and there is no certainty as to whether any agreement regarding any transaction will be reached."

Reports suggest around $1.5 billion (£930 million) has been offered for the Motorola operation, a situation made possible by a significant recovery staged by Pace this year after a tough 2011.

However, a number of other potential suitors for Motorola are in the picture, it has been reported.

New developments by Pace in recent months include the licensing of the Comcast Reference Development Kit, which it said "significantly accelerates" the development of set-top box hardware and software technology.
 

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