Pace in Box Pact with Comcast

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Pace Micro Technology plc has signed a new three-year set-top-box deal with Comcast Corp. valued at $375 million-$550 million.

The agreement supersedes an earlier deal between the companies and covers the purchase of set-tops, including Pace’s Tahoe HD digital video recorder.

Comcast also gains the right to sublicense Pace’s EngineWare software and specified designs for the North American cable market. The two companies also agreed to development next generation set-tops and related technologies.

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