Nuance in talks with Samsung on acquisition according to sources

Nuance is currently in talks with suitors on a potential sell off and the suitors include Samsung along with private equity firms.

@ShaneMcGlaun
Published Tue, Jun 17 2014 9:08 AM CDT   |   Updated Tue, Nov 3 2020 12:16 PM CST

A report has surfaced that claims the speech recognition firm Nuance is currently talking with suitors about a potential sell off. The report claims that among the suitors looking to buy Nuance are Samsung and several private equity firms.

Nuance in talks with Samsung on acquisition according to sources | TweakTown.com

Nuance is a company that is behind some of the more popular speech recognition tech on the market today. Nuance tech is being used in a number of Samsung products including smartphones and tablets. Nuance is also the behind the scenes source of Siri's power on Apple devices.

Nuance reportedly has a market capitalization of about $5.5 billion. The largest shareholder in Nuance is Carl Icahn. There is no word on how close Nuance is to a deal to sell to the highest bidder.

NEWS SOURCE:bgr.com

Shane is a long time technology writer who has been writing full time for over a decade. Shane will cover all sorts of news for TweakTown including tech and other topics. When not writing about all things geeky, he can be found at the track teaching noobs how to race cars.

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