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Britain's Pace Wants to Buy Google's Motorola Home Business

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British TV decoder maker Pace 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.

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  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

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