WASHINGTON – Technology giant Microsoft is in advanced discussions to buy the US group Nuance Communications, which specialises in artificial intelligence, for US$16 billion, according to media reports Sunday.
The deal could be announced Monday, CNBC reported, citing a source close to the case.
According to the source, Microsoft made an initial offer in December and is willing to pay US$56 per share for Nuance, which represents a premium of 23 per cent compared to the group’s closing stock price on Friday.
If the deal goes through, this would be the second-most important acquisition for Microsoft after its US$27 billion purchase of LinkedIn in 2016.
Neither Microsoft nor Nuance responded to AFP’s request for comment.
Nuance Communications provides artificial intelligence solutions and services in healthcare and business.