Pace Acquiring Home Media Delivery Firm 2wire To Buy In To U.S.

Pay-TV set-top box maker Pace is offering $475 million in cash for 2Wire, a telco and media delivery company it says will give it a foothold in the U.S. market.

Pace, which makes boxes for the likes of BSkyB (NYSE: BSY) and Time Warner Cable (NYSE: TWC), reported 46 percent higher first-half profit of to £45.4 million on 21 percent higher revenues of £635.2 million Monday morning.

It says it wants to make the acquisition because it “widens out Pace