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Microsoft Reportedly In Talks To Buy Speech Tech Company Nuance

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Microsoft Reportedly In Talks To Buy Speech Tech Company Nuance

A deal for Microsoft Corporation (NASDAQ: MSFT) to buy the company that helped develop the Siri speech technology could be announced this coming week.

  • Bloomberg reported today that Microsoft is in talks to buy Nuance Communications Inc. (NASDAQ: NUAN), an artificial intelligence and speech technology company.
  • The deal could value Nuance at about $56 a share, Bloomberg said, citing unnamed sources and noting that the price could change.
  • That implies a valuation of about $16 billion.
  • Nuance closed Friday's trading at $45.58, up 2.15% for the week.
  • Nuance is known for powering the Siri speech recognition technology used by Apple Inc. (NASDAQ: AAPL

Source Image: Wikimedia Commons by BenFranske.

 

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