Microsoft in talks to buy Nuance Communications for about $16 bn: Report

Microsoft Corp is in advanced talks to buy artificial intelligence and speech technology company Nuance Communications Inc at about $16 billion, Bloomberg News reported on Sunday.

An agreement could be announced as soon as this week, Bloomberg said https://bloom.bg/2Qgfm7e citing people familiar with the matter.

The price being discussed could value Nuance at about $56 a share, one of the people told Bloomberg, though the terms could still change.

Talks between Burlington, Massachusetts-based Nuance and Microsoft are ongoing and the discussions could still fall apart, the report added.

Microsoft and Nuance did not immediately respond to Reuters' request for comment.