Pace to pick up Philips' STB division

February 2008
CED;Feb2008, Vol. 34 Issue 2, p10
Trade Publication
The article reports on the conditional agreement made by Pace Micro Technology to acquire the set-top box and connectivity solutions business of Royal Philips Electronics NV in the U.S. The agreement costs $135 million which would make Pace one of the world's top-three set-top manufacturers. Philips will have a 23 percent stake in the firm in exchange for 70 million Pace shares if the deal would be completed.


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