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NUANCE COMMUNICATIONS, INC.

(NUAN)
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Microsoft in talks to buy AI firm Nuance Communications for about $16 billion -source

04/11/2021 | 12:21pm EDT

April 11 (Reuters) - Microsoft Corp is in advanced talks to buy artificial intelligence and speech technology company Nuance Communications Inc at about $16 billion, according to a source familiar with the matter.

The price being discussed could value Nuance at about $56 a share, the source said, adding that an agreement could be announced as soon as Monday.

Bloomberg News, which first reported the deal between Nuance and Microsoft, said https://bloom.bg/2Qgfm7e talks are ongoing and the discussions could still fall apart.

Burlington, Massachusetts-based Nuance whose voice recognition technology helped launch Apple Inc's assistant Siri, makes software for sectors ranging from healthcare to the automotive industries.

The deal with Nuance would be Microsoft's second-biggest deal, after its $26.2 billion acquisition of LinkedIn in 2016.

Microsoft and Nuance did not immediately respond to Reuters' request for comment.

(Reporting by Radhika Anilkumar in Bengaluru and Krystal Hu in New York; Editing by Daniel Wallis and Lisa Shumaker)


ę Reuters 2021
Stocks mentioned in the article
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APPLE INC. 2.25% 125.33 Delayed Quote.-7.48%
MICROSOFT CORPORATION 2.38% 244.31 Delayed Quote.10.71%
NUANCE COMMUNICATIONS, INC. 0.27% 52.57 Delayed Quote.18.96%
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Financials (USD)
Sales 2021 1 375 M - -
Net income 2021 21,2 M - -
Net Debt 2021 1 077 M - -
P/E ratio 2021 749x
Yield 2021 -
Capitalization 15 004 M 15 004 M -
EV / Sales 2021 11,7x
EV / Sales 2022 10,9x
Nbr of Employees 7 100
Free-Float 97,7%
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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 57,43 $
Last Close Price 52,45 $
Spread / Highest target 14,4%
Spread / Average Target 9,49%
Spread / Lowest Target 6,77%
EPS Revisions
Managers and Directors
NameTitle
Mark D. Benjamin Chief Executive Officer & Director
Daniel David Tempesta Chief Financial Officer & EVP-Finance
Lloyd A. Carney Independent Non-Executive Chairman
Mark Sherwood Chief Information Officer & Senior Vice President
Joseph Carl Petro Chief Technology Officer & Executive VP
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