Technology content trusted in North America and globally since 1999
7,700 Reviews & Articles | 57,095 News Posts

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
By: Shane McGlaun | Business, Financial & Legal News | Posted: Jun 17, 2014 2:08 pm

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_5

 

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 SOURCES:Bgr.com

Related Tags

Got an opinion on this news? Post a comment below!
loading