Nuance extends offer for shares of rival Zi

Speech-recognition software maker Nuance Communications said Friday it will extend its all-cash offer to acquire Zi Corp. by an additional two weeks.
In August, Nuance first offered to purchase Canada-based Zi for 80 cents per share. That offer was rejected and in November Nuance made a repriced offering of 40 cents per share, based on the deteriorating economic environment.
The company said Friday it has extended the offer to Feb. 13, from a prior closing date of Jan. 30. [click heading for more]