Gibson Dunn Reps Pace In $475M 2Wire Purchase

Law360, New York (July 26, 2010, 12:02 PM EDT) -- Britain's Pace PLC is set to shell out $475 million to acquire U.S.-based 2Wire Inc., a move the set-top box manufacturing giant said would help broaden its footprint in the Internet television market.

Pace's acquisition of the broadband technology firm, announced jointly by the companies Sunday, will slide the Saltaire, U.K.-based company into the No. 3 spot in the global residential gateway device market, according to Pace.

Pace is already the No. 1 global digital set-top box company.

The consideration includes 2Wire’s balance sheet cash at...
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