NUAN - Microsoft in advanced talks for Nuance Communications deal - Bloomberg

Microsoft (MSFT) is in advanced talks to buy Nuance Communications (NUAN), Bloomberg reports. Those talks could value the company about $56/share. Nuance closed Friday at $45.58, implying about a 23% premium. A deal could come as soon as this week, according to the report. Nuance uses artificial intelligence solutions to offer speech recognition and natural-language interfaces through a variety of fields, particularly medicine.It has a market capitalization of about $13B. Nuance's latest earnings were a beat-and-raise and were accompanied by the acquisition of Saykara, a company focused on automating clinical documentation.

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Microsoft in advanced talks for Nuance Communications deal - Bloomberg