Microsoft remains in advanced talks to purchase artificial intelligence as well as speech innovation business Nuance Communications at around $16 billion (approximately Rs. 1,20,000 crores), according to a source aware of the matter.
The price being discussed might value Nuance at about $56 (roughly Rs. 4,200) a share, the source stated
Bloomberg News, which first reported the deal in between Nuance as well as Microsoft, said talks are recurring and also the discussions might still fall apart.
Burlington, Massachusetts, US-based Nuance whose voice recognition technology aided launch Apple’s assistant Siri, makes software application for markets ranging from healthcare to the automobile sectors.
Microsoft and Nuance did not immediately react to Reuters’ ask for comment.
The deal with Nuance would be Microsoft’s second-biggest bargain, after its $26.2 billion (approximately Rs. 1,96,500 crores) acquisition of LinkedIn in 2016.
Late last week, LinkedIn came to be victim to a huge information breach and also information of over 500 million of its users has been scratched from the system as well as published online for sale. The dataset consists of delicate information like e-mail addresses, contact number, office information, full names, account IDs, links to their social media accounts, and also gender details. The breached data is reportedly being offered by an unknown user on a hacker discussion forum, that has actually dumped information of over 2 million users as sample proof. The hacker is requesting for a four-digit amount (in USD) in exchange for the breached data, potentially in the form of Bitcoins. This came just days after a likewise huge leakage of scraped information from over 500 million Facebook users was leaked.