CNBC April 11, 2021
Key Points
– A deal could be announced as soon as Monday, said one person who is familiar with the talks.
– Microsoft first approached Nuance in December, the person said, and is willing to pay about $56 per share for Nuance, the person said.
– That would give Nuance an equity value of about $16 billion, representing a 23% premium over the stock’s Friday closing price of $45.58 per share.
– At $16 billion, Nuance would be Microsoft’s second largest acquisition, after the $27 billion purchase of LinkedIn in 2016.
Microsoft is in advanced talks to acquire speech-recognition company Nuance Communications, a person familiar with the discussions told CNBC on Sunday. A transaction could be signed as early as...
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