Microsoft to buy SwiftKey [Update: deal confirmed]

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Update: Both Microsoft and SwiftKey have confirmed the deal.

Original Story:

Microsoft is reportedly buying the artificial intelligence-powered predictive keyboard, SwiftKey.

Sources close to the deal say that Microsoft will pay about $250 million for SwiftKey and that SwiftKey founders Jon Reynolds and Ben Medlock will pocket around $30 million each.

SwiftKey is available for Android and iOS devices, but not for Windows Phone–yet.

SwiftKey initially sold for $4, but became free in 2014. Its Android keyboard supports over 100 languages and the company developed a special language for the keyboard attached to acclaimed physicist Stephen Hawking’s wheelchair.

The London-based SwiftKey has more than 150 employees in London and many are expected to join Microsoft Reseach, sources said.

SwiftKey’s artificial intelligence analyzes users’ writing styles to predict what word is likely to come next. Additionally, the app can learn slang and nicknames.

Source: Financial Times