Microsoft is in talks for yet another major acquisition, this time centred around bolstering the company’s Artificial Intelligence unit. According to sources, Microsoft is in talks to spend roughly $16 billion acquiring Nuance Communications.
For those who don’t know, Nuance Communications is a company that specialises in speech recognition and AI. The company had previously helped with early work on Apple’s Siri digital assistant and has gone on to build up its value with a number of acquisitions to build up and improve its platform.
According to Bloomberg, Microsoft has been collaborating with Nuance since 2019 on various technologies, with a particular focus on the health-care industry. Now, Microsoft is looking to join forces with Nuance for good, with a $16 billion offer, which would value the company at $56 USD per share. Notably, the acquisition offer adds a 23 percent premium over the company’s current market value.
The agreement is still in the negotiation stages but a deal could be announced as early as next week. This would be the second largest acquisition in Microsoft’s history, with the largest being LinkedIn, which was acquired for $26 billion. Currently, Microsoft is also reportedly in talks to acquire gaming chat app Discord for around $10 billion.
KitGuru Says: Microsoft’s business leads have been very busy over the last few years with acquisitions. Microsoft currently has thousands of employees working on AI software, so this particular purchase makes perfect sense as the company continues to try and take on the likes of Google and Apple.
The post Microsoft in talks to acquire Apple’s Siri partner for $16 billion first appeared on KitGuru.
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