Simpson Thacher Advises AOL in Sale of Predictive Text Software Business to Nuance Communications
07.03.07
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The Firm is advising AOL LLC in its announced sale of 100% of the stock of Tegic Communications, Inc., a wholly owned subsidiary of AOL, to Nuance Communications, Inc. for $265 million in cash. Tegic provides embedded software for mobile devices, including T9 predictive text software. Nuance provides speech and imaging solutions for businesses and consumers.
The Simpson Thacher team representing AOL in the transaction includes: Peter Malloy, Stephen Ballas and Tom Lamprecht (M&A); Brian Robbins and Rachel Berry (Employee Benefits); Marcy Geller and Jason Vollbracht (Tax); Lori Lesser and Kirstie Howard (Intellectual Property); and Caitlin Lane (paralegal).