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Microsoft In Advanced Talks To Buy Nuance Communications For About $16 Bln: Report

REDMOND (dpa-AFX) - Microsoft corp. (MSFT) is in advanced talks to buy speech-recognition company Nuance Communications Inc. (NUAN) for about $16 billion, Bloomberg reported citing people familiar ....

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Microsoft Is Reportedly in Talks to Scoop Up AI Firm Nuance Communications for $16 Billion


Microsoft Is Reportedly in Talks to Scoop Up AI Firm Nuance Communications for $16 Billion
Photo: Jeenah Moon (Getty Images)
Microsoft is in advanced talks to acquire Nuance Communications, an artificial intelligence firm whose speech recognition tech helped develop Apple’s Siri virtual assistant, for as much as $16 billion, a source familiar with the matter told Reuters.
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The deal price being negotiated could value Nuance at around $56 per share, the source said, a roughly 23% premium compared to the share’s closing price on Friday. They added that an official announcement may come as soon as Monday.
A source that spoke with Bloomberg, which first reported news of a potential deal on Sunday, said that negotiations remain ongoing and cautioned that they could still fall apart. ....

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Nuance Microsoft deal: Microsoft buying Nuance in deal worth $19.7 billion | International Business News


Microsoft buying Nuance in deal worth $19.7 billion
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Microsoft buying Nuance in deal worth $19.7 billion
AP / Apr 12, 2021, 18:18 IST
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Microsoft will pay $56.00 per share.
Microsoft s acquisition of Nuance comes after the companies formed a partnership in 2019.
The transaction is expected to close this year.
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