Bidding War

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UK-based TV tech firm Pace Plc in a statement Mon confirmed that it has proposed to Google a potential acquisition of the Motorola Home business. Discussions are preliminary, the statement said. Given Pace’s size relative to Motorola Home, the potential takeover would be a reverse takeover under UK financial rules. As a result, Pace shares were suspended from trading Mon. Google bought Motorola Mobility for $12.5bln. It named Marwan Fawaz, ex-CTO of Charter, to run Motorola’s home unit. Google reportedly set a Dec 7 deadline for bids for the Motorola unit. Arris also has reportedly made an offer. The companies declined to comment.

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