Axar.az
UP

Axar.Az Logo

Microsoft may acquire AI developer for $16B

Home page Technology
12 Punto 14 Punto 16 Punto 18 Punto

Microsoft Corp. is in advanced talks to buy artificial intelligence and speech technology company Nuance Communications Inc.

Axar.az reports citing to Bloomberg the price being discussed could value Nuance at about $56 a share, though the terms may still change. That would give Nuance an equity value of about $16 billion.

An agreement could be announced as soon as this week. Talks are ongoing and the discussions could still fall apart.

A representative for Microsoft declined to comment. A spokesperson for Nuance, based in Burlington, Massachusetts, didn’t immediately respond to a request for comment.

Nuance’s shares have climbed 3.4 percent this year, giving the company, which laid the groundwork for the technology used in Apple Inc.’s Siri voice software, an almost $13 billion market value but still trailing the 9.9 percent jump in the S&P 500 Index.

Date
2021.04.12 / 11:26
Author
Axar.az
Comments
See also

Musk joined the talk show, lost 20 billion

Musk's change of course on bitcoin is a threat to Tesla

SpaceX has launched its next internet satellite into orbit

There is a problem in Twitter

Twitter launches prompt in bid to reduce abusive language

Twitter suspends Bollywood actress account

Apple accused of breaching EU law over App Store sales fees

Mars helicopter mission extended by Nasa

There were problems with the work of Facebook

Russia fines Apple over 12 mln USD for monopoly

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla