Nuance Communications Acquires Swype for $102,500,000
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=de0c9a71-d36a-4154-ba64-41b05ab2f0b0&Preview=1 -
Date
10/6/2011 -
Company Name
Swype -
Mailing Address
701 North 34th St Seattle, WA 98104 -
Company Description
Swype is a maker of text-input technology for mobile devices. -
Website
http://www.swypeinc.com -
Transaction Type
M&A -
Transaction Amount
$102,500,000 -
Transaction Round
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Proceeds Purposes
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M&A Terms
The aggregate consideration payable to the former shareholders of Swype consists of $102,500,000, of which $77,500,000 was paid at the closing and the remaining $25,000,000 (the “Contingent Consideration”) is payable on the eighteen month anniversary of the closing.
