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Microsoft in Talks to Buy AI Firm Nuance Communications

  • Price under discussion would value Nuance at $56 a share
  • An agreement could be announced as soon as this week
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WATCH: Microsoft Corp. is said to be in advanced talks to buy artificial intelligence and speech technology company Nuance Communications Inc. (Source: Bloomberg)
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Microsoft Corp. is in advanced talks to buy artificial intelligence and speech technology company Nuance Communications Inc., according to people familiar with the matter.

The price being discussed could value Nuance at about $56 a share, though the terms may still change, one of the people said. That would give Nuance an equity value of about $16 billion, according to data compiled by Bloomberg. The price would be a 23% premium to Friday’s close.