Pace Buying 2Wire for $475 Million
Pace PLC has agreed to acquire 2Wire Inc., a San Jose, Calif.-based provider of broadband service delivery platforms. The deal is valued at $475 million in cash, inclusive of $55 million of 2Wire cash on hand. 2Wire raised nearly $200 million in VC funding since 1998, although some backers sold out in a secondary offering two years ago to strategics like AT&T and Alcatel-Lucent. Remaining shareholders include Technology Crossover Ventures, Meritech Capital Partners and Oak Investment Partners.
27 July 2010•3 mins read
