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Tegic being sold to Nuance for $265 million.

The Seattle Times (Seattle, WA)

Byline: Tricia Duryee

Jun. 21--Nuance Communications announced today that it is purchasing Seattle-based Tegic Communications from Time Warner's AOL subsidiary for $265 million in cash.

Tegic develops T9 predictive text input software for mobile phones, which has shipped on more than 2.5 billion devices. Nuance, based in Burlington, Mass., builds software for mobile phones, including technology for voice recognition.

AOL purchased Tegic in 1999 for $350 million in stock. In 2005, AOL acquired Kirkland-based Wildseed, combining it with Tegic to form a new wireless division based in Seattle.

The transaction is expected to close in the fourth …

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