Microsoft in talks to buy AI firm Nuance Communications for about $16 billion -source
Reuters
Published Apr 11, 2021 16:57
Updated Apr 11, 2021 19:10
By Krystal Hu
(Reuters) -Microsoft Corp is in advanced talks to buy artificial intelligence and speech technology company Nuance Communications Inc at about $16 billion, according to a source familiar with the matter.
The price being discussed could value Nuance at about $56 a share, the source said, adding that an agreement could be announced as soon as Monday.
Bloomberg News, which first reported the deal between Nuance and Microsoft (NASDAQ:MSFT), said https://bloom.bg/2Qgfm7e talks are ongoing and the discussions could still fall apart.
Burlington, Massachusetts-based Nuance whose voice recognition technology helped launch Apple Inc (NASDAQ:AAPL)'s assistant Siri, makes software for sectors ranging from healthcare to the automotive industries.
The deal with Nuance would be Microsoft's second-biggest deal, after its $26.2 billion acquisition of LinkedIn (NYSE:LNKD) in 2016.
Microsoft and Nuance did not immediately respond to Reuters' request for comment.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.