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April 11, 2021, 5:02 p.m. EDT

Microsoft in talks to buy Nuance Communications for around $16 billion: reports

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By Mike Murphy

Microsoft Corp. is in advanced talks to buy speech-recognition company Nuance Communications Inc. in a deal valued at about $16 billion, according to multiple reports Sunday.

Bloomberg News , Reuters and CNBC each reported Microsoft could pay $56 a share, a 23% premium as of Friday’s closing stock price. If successful, the acquisition would be Microsoft’s second-largest ever, behind 2016’s $24 billion purchase of LinkedIn. All three reports said an announcement may be made in the coming days.

CNBC reported Nuance’s transcription tools would fit into Microsoft’s offerings for business and governments.

Last month, Microsoft was reportedly interested in buying chat platform Discord for about $10 billion. For months, Microsoft has been targeting active online communities that it can pair with its cloud platform, and  the Financial Times earlier this year reported  it had tried to buy Pinterest Inc. Last September, Microsoft failed in  its bid to buy TikTok , but soon after bought videogame publisher ZeniMax Media for $7.5 billion.

Microsoft shares /zigman2/quotes/207732364/composite MSFT -0.95% are up 15% year to date, and 55% over the past year. Nuance shares /zigman2/quotes/202549318/composite NUAN -0.15% are up 3.4% this year and 168% over the past 12 months.

/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 243.88
-2.35 -0.95%
Volume: 2.36M
May 12, 2021 9:49a
P/E Ratio
33.02
Dividend Yield
0.92%
Market Cap
$1854.50 billion
Rev. per Employee
$877,393
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/zigman2/quotes/202549318/composite
US : U.S.: Nasdaq
$ 52.52
-0.08 -0.15%
Volume: 373,919
May 12, 2021 9:49a
P/E Ratio
1,086
Dividend Yield
N/A
Market Cap
$15.04 billion
Rev. per Employee
$208,296
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