Nuance Communications (NASDAQ:[[ticker:NUAN]]), the Burlington, MA-based speech recognition powerhouse, today announced an offer to buy Zi Corporation (NASDAQ:[[ticker:ZICA]]), a Calgary, Canada-based provider of software to speed text entry on mobile devices, for 40 cents per share or $20 million in cash, which is a 38 percent premium on the closing price of Zi common stock on Tuesday. Wade wrote in August that Zi rejected Nuance’s earlier bid to buy Zi for double the amount of the current offer (or 80 cents per share) in this post. Nuance’s recent offer expires Dec. 31, 2008.
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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