Name: Microsoft reportedly in talks to purchase AI and speech technology firm Nuance Communications
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Microsoft reportedly in talks to purchase AI and speech technology firm Nuance Communications

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Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.An icon in the shape of a person's head and shoulders. It often indicates a user profile.Redeem nowGet a daily selection of our top stories based on your reading preferences.Something is loading.Microsoft is negotiating a deal to buy Nuance Communications, an artificial intelligence and speech technology company, according to a report from .&nbsp;Bloomberg's anonymous sources said that the deal could be announced this week, and would value Nuance at roughly $56 a share. This would value the company at $16 billion, a premium of 23% where the stock closed on Friday, $43.58.&nbsp;Microsoft declined to comment to Bloomberg. Insider reached out to both firms for comment but they couldn't be reached before publication.&nbsp;Massachusetts-based Nuance, with a market cap just shy of $13 billion, is the developer of the Dragon Naturally Speaking family of voice technology products. Its speech recognition engine is the basis for Apple's voice assistant Siri as well as dozens of other real world applications with enterprise clients.&nbsp;The take-private deal would be Microsoft's second-largest purchase ever after the company . The company has also acquired companies like and .&nbsp;Microsoft appears to be in an acquisitive mood. The company has been reported to be in deal talks with online-chat company Discord for over $10 billion. It also purchased game studio ..&nbsp;Nuance and Microsoft began to collaborate in 2019 on such as automatic note-taking during doctors' visits.&nbsp;, Microsoft and Nuance Communications are two of the top three tech buys heading into first-quarter earnings season.&nbsp;Ives highlighted Nuance's "hospital-wide deployments" of its technology, with has created a growing revenue stream. Wedbush set a $65 price target, above Microsoft's reported bid.Microsoft stock is up 15.4% from the end of the year at end of closing Friday.Sign up for notifications from Insider! Stay up to date with what you want to know.Subscribe to push notificationsAn icon in the shape of a lightning bolt.Keep readingIt indicates an expandable section or menu, or sometimes previous / next navigation options.Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.An icon in the shape of a person's head and shoulders. It often indicates a user profile.Redeem nowGet a daily selection of our top stories based on your reading preferences.Something is loading.Microsoft is negotiating a deal to buy Nuance Communications, an artificial intelligence and speech technology company, according to a report from .&nbsp;Bloomberg's anonymous sources said that the deal could be announced this week, and would value Nuance at roughly $56 a share. This would value...

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Microsoft reportedly in talks to purchase AI and speech technology firm Nuance Communications

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