Further Update: This deal is now confirmed.
Update:TellMe is saying that they have not been acquired by Microsoft, adding only “conversations are happening across the board.” More on this as it develops. Acquisition discussions are clearly occuring.
Take TellMe off the IPO list for this year – We have multiple sources saying that Microsoft has acquired the company. We’re trying to find the price now. More details to follow. See our recent coverage of the company here.
The company has raised a whopping $239 million in capital over four venture rounds, although the most recent round was back in 2001. The company is both profitable and cash flow positive – two years ago they were generating a reported $100 million plus in revenue.