(FILES) In this file photo the Microsoft logo is pictured during the annual Microsoft shareholders meeting in Bellevue, Washington on November 29, 2017. - Microsoft will acquire artificial intelligence and cloud computing company Nuance for $19.7 billion, the company announced on April 12, 2021. Nuance's technology is used extensively in medical records, and the transaction will bolster Microsoft's healthcare offerings, Microsoft said in a news release. The transaction is all-cash and the sum includes Nuance's net debt. (Photo by Jason Redmond / AFP)
(FILES) In this file photo the Microsoft logo is pictured during the annual Microsoft shareholders meeting in Bellevue, Washington on November 29, 2017. - Microsoft will acquire artificial intelligence and cloud computing company Nuance for $19.7 billion, the company announced on April 12, 2021. Nuance's technology is used extensively in medical records, and the transaction will bolster Microsoft's healthcare offerings, Microsoft said in a news release. The transaction is all-cash and the sum includes Nuance's net debt. (Photo by Jason Redmond / AFP)
(FILES) In this file photo the Microsoft logo is pictured during the annual Microsoft shareholders meeting in Bellevue, Washington on November 29, 2017. – Microsoft will acquire artificial intelligence and cloud computing company Nuance for $19.7 billion, the company announced on April 12, 2021. Nuance’s technology is used extensively in medical records, and the transaction will bolster Microsoft’s healthcare offerings, Microsoft said in a news release. The transaction is all-cash and the sum includes Nuance’s net debt. (Photo by Jason Redmond / AFP)
Technology giant Microsoft is in advanced discussions to buy the US group Nuance Communications, which specializes in artificial intelligence, for $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 $56 per share for Nuance, which represents a premium of 23 percent 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 $27 billion purchase of LinkedIn in 2016.
Neither Microsoft nor Nuance responded to AFP’s request for comment.
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