Microsoft is in superior talks to accumulate Nuance Communications, a man-made intelligence agency whose speech recognition tech helped develop Apple’s Siri digital assistant, for as a lot as $16 billion, a supply conversant in the matter advised Reuters.
The deal worth being negotiated might worth Nuance at round $56 per share, the supply stated, a roughly 23% premium in comparison with the share’s closing worth on Friday. They added that an official announcement might come as quickly as Monday.
A supply that spoke with Bloomberg, which first reported news of a possible deal on Sunday, stated that negotiations stay ongoing and cautioned that they may nonetheless collapse.
Whereas not precisely a family title, Nuance’s AI and speech recognition software program is utilized in a spread of industries from healthcare to automotive and helped lay the groundwork for the tech powering Apple’s voice assistant.
Neither Microsoft nor Nuance have publically confirmed these talks, so it’s finest to take all this with a grain of salt for now. Nevertheless, the 2 corporations do have a little bit of historical past working collectively. In 2019, Microsoft introduced a collaboration with Nuance to construct tech that permits docs to file conversations with their sufferers throughout visits and routinely relay that data into digital medical information.
“The Microsoft partnership will accelerate our ability to solve for healthcare’s most pressing challenges—together,” stated Nuance CEO Mark Benjamin on the time. “The ambient technologies we will jointly deliver can improve productivity and professional satisfaction, while empowering doctors to focus on what they do best: take care of patients.”
Rumor has it Microsoft is on a little bit of a spending spree in the mean time. It’s additionally reportedly eyeing the gaming-focused chat platform Discord for greater than $10 billion simply months after it scooped up the online game holding firm ZeniMax Media. If this Nuance deal goes by, it could be one in every of Microsoft’s largest acquisitions thus far, second solely to its buy of LinkedIn in 2016 for $26.2 billion.