Monday, December 10, 2012

Reuters: Technology News: Britain's Pace approaches Google over Motorola Home

Reuters: Technology News
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Britain's Pace approaches Google over Motorola Home
Dec 10th 2012, 15:38

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A woman walks past the Google Chicago headquarters logo in Chicago, March 20, 2012. REUTERS/Jim Young

A woman walks past the Google Chicago headquarters logo in Chicago, March 20, 2012.

Credit: Reuters/Jim Young

LONDON | Mon Dec 10, 2012 10:38am EST

LONDON (Reuters) - British TV decoder maker Pace Plc said on Monday that it had made an early-stage proposal to internet group Google to acquire its Motorola Home business.

"Discussions with Google are currently at a preliminary stage and there is no certainty as to whether any agreement regarding any transaction will be reached," Pace said in a statement.

The company said its shares had been suspended from trading in London as the potential acquisition would be classified as a "reverse takeover" deal under British rules.

(Reporting by Sarah Young; editing by Kate Holton)

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