Microsoft will buy the company that worked on Siri

Microsoft will buy the company that worked on Siri

Microsoft is in talks to acquire Nuance Communications, an artificial intelligence technology company that paved the way for the Siri voice assistant. This was reported by the Bloomberg news agency.

Microsoft will buy the company that worked on Siri

The agreement could be announced as early as this week. The estimated deal is $ 56 per share, although the terms are still subject to change.

According to Bloomberg, Nuance’s capital will be valued at approximately $ 16 billion, 23% above the price posted at the close of trading on Friday.

Nuance shares rose 3.4% in 2021, bringing the company’s market value to almost $ 13 billion. Nuance has made a significant contribution to the development of Siri. The speech recognition of the Apple Voice Assistant is based on the development of this company.

Microsoft shares have risen in price by 15%, its market value exceeds $ 1.93 trillion. The company continues to actively conclude deals. It was revealed last month that the company is in talks to acquire the video conferencing service Discord.

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