Microsoft said to be in talks to buy AI startup Nuance in $16-billion deal
The price being discussed for the Microsoft-Nuance deal could value the Burlington, Massachusetts-based AI startup at about $56 a share, but the terms of the deal could still change.
By Reuters | Updated:
Reuters
Microsoft Corp. is in advanced talks to buy artificial intelligence and speech technology company Nuance Communications Inc. at about $16 billion, Bloomberg News reported on Sunday.
A Microsoft-Nuance deal could be announced as soon as this week, Bloomberg said citing people familiar with the matter. The price being discussed could value Nuance at about $56 a share, one of the people told Bloomberg, though the terms could still change.
Talks between Burlington, Massachusetts-based Nuance and the Seattle-based Microsoft are ongoing and the discussions could still fall apart, the report added.
Microsoft and Nuance did not immediately respond to Reuters' request for comment.
A Microsoft-Nuance deal could be announced as soon as this week, Bloomberg said citing people familiar with the matter. The price being discussed could value Nuance at about $56 a share, one of the people told Bloomberg, though the terms could still change.
Talks between Burlington, Massachusetts-based Nuance and the Seattle-based Microsoft are ongoing and the discussions could still fall apart, the report added.
Microsoft and Nuance did not immediately respond to Reuters' request for comment.
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