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. www.microsoft.com www.tellme.com