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Microsoft in talks about buying firm Nuance Communications

Microsoft is in the process of negotiating a move to acquire communications and communication technology company Nuance Communications Inc., according to people familiar with the matter.

The agreement could be announced soon this week, said people, who asked not to be named because the details were confidential. The price in question could cost Nuance about $ 56 per share, although the terms may change, said one person.

That will inform the balance of Nuance, which laid the foundation for the technology used in Apple’s voice software, at about $ 16 billion, according to data compiled by Bloomberg. The price will be a 23 percent premium until closing on Friday with Nuance.

Negotiations are ongoing and talks are still raging, people said.

A representative of Microsoft declined to comment. A spokesman for Nuance, based in Burlington, Massachusetts, did not immediately respond to a request for comment.

Nuance shares have risen 3.4 percent this year, giving the company about $ 13 billion in the market but are still tracking 9.9 percent in the S&P 500 Index. Microsoft has increased by 15 percent.

Microsoft, with a market value of over $ 1.93 trillion, has been active in its deals for some time. Last month, Bloomberg News reported that the major software was in talks to acquire Discord Inc., a video game community, for more than $ 10 billion. It also acquired video game makers Zenimax Media Inc. with $ 7.5 billion in a contract closed this year.

The Nuance deal will be set as Microsoft’s second largest acquisition, after $ 24 billion by LinkedIn in 2016, according to data compiled by Bloomberg.

Microsoft and Nuance have been collaborating since 2019 on technology to do things like allow doctors to hold voice conversations from patient visits and enter information into electronic medical records.

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