Microsoft reportedly in talks to purchase AI and speech technology firm Nuance Communications
Apr 12, 2021, 10:54 AM
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Bloomberg News reported that Microsoft is in advanced talks to acquire AI voice company Nuance Communications.
The deal would reportedly value Nuance at $16 billion, a 23% premium to Friday's close.
Nuance Communications voice-technology was the framework for Apple's Siri.
Microsoft is negotiating a deal to buy Nuance Communications, an artificial intelligence and speech technology company, according to a report from Bloomberg News.
Bloomberg's anonymous sources said that the deal could be announced this week, and would value Nuance at roughly $56 a share. This would value the company at $16 billion, a premium of 23% where the stock closed on Friday, $43.58.