After more than a decade of venture capital and strategic backing, 2Wire sells out to Pace for $475m.
UK-listed telecoms and television equipment maker Pace has agreed to acquire 2Wire, a US-based provider of broadband services with more than a decade of venture backing, for $475m.
The deal, whose price includes $55m of cash on 2Wire’s books, delivers broadly the same amount back to the three strategic investors as they had paid in a December 2005 secondaries deal from the original venture capital (VC) investors.
Telecoms equipment maker Alcatel, before its merger with Lucent, bought a 25%…
