Microsoft To Acquire Tellme

Microsoft Corp. has agreed to acquire Tellme Networks Inc., a Mountain View, Calif.-based provider of voice applications like directory assistance and mobile search, for just under $800 million. Tellme raised around $263 million during 1999 and 2000, from firms like Kleiner Perkins Caufield & Byers, Benchmark Capital, AT&T, Amerindo, Bowman Capital and Van Wagoner Capital Management. Some of the VC shares since have been acquired on the secondary marker by firms like Millennium Technology Ventures and Saints Capital.