Microsoft Reportedly In Talks To Buy Speech Tech Company Nuance

A deal for Microsoft Corporation 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. 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. AAPL 

Source Image: Wikimedia Commons by BenFranske.