Microsoft reportedly in talks to purchase AI and speech tech

Microsoft reportedly in talks to purchase AI and speech technology firm Nuance Communications


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.

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