In what appears to be part of a strategic acquisition strategy, Microsoft is negotiating a deal to buy Nuance Communications, an artificial intelligence and speech recognition technology company.
Microsoft plans to acquire Nuance Communications, the company responsible for developing the speech recognition engine on which Siri, Apple’s voice assistant, is based. Such information is revealed Bloomberg.
Citing anonymous sources, Bloomberg said the deal could be presented this week. The value of Nuance would be approximately $ 16 billion. None of the companies involved commented on the matter.
The acquisition transaction would be Microsoft’s second largest purchase in its history. In 2016 acquired LinkedIn for 24,000 million dollars. The company has also acquired companies such as Skype Y GitHub.
Microsoft plans to acquire Nuance Communications
Massachusetts-based Nuance is a developer of Dragon Naturally Speaking voice technology products. It’s more, its voice recognition engine is the basis of Siri, Apple’s voice assistant. In the same way, your portfolio includes dozens of other applications with business clients.
Microsoft appears to have a strategic acquisition strategy in place. We recently posted that Microsoft has advanced conversations to the purchase of the Discord platform for more than 10 billion dollars. It is also in the process of acquisition of Bethesda, the studio behind video games like Elder Scrolls, Doom, Fallout, and several other classics.
However, Microsoft failed in its attempt to acquire TikTok last year.
Time collaborating together
Nuance and Microsoft began collaborating in 2019 on tools for the healthcare industry. The product of this collaboration was the development of applications for automatic note-taking during medical visits.