Electronic maker Philips is selling its 17% stake in set-top box manufacturer Pace, as shares in Pace are reaching a seven-year high in London. Philips acquired its stake in Pace when it sold the company its own set-top box business in 2007 for GBP68.5m (USD102m).
Pace is a major supplier of BSkyB, Canal+ and Comcast. It became the third largest set-top box maker after it took over Philips’s business.
StrategyEye's related categories: Set Top Boxes & PVRs, Televisions
StrategyEye's related companies: Pace Micro Technology, BSkyB, Philips
