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Microsoft Corp. is in advanced talks to buy speech-recognition company Nuance Communications Inc. in a deal valued at about $16 billion, according to multiple reports Sunday.
Bloomberg News, Reuters and CNBC each reported Microsoft could pay $56 a share, a 23% premium as of Friday’s closing stock price. If successful, the acquisition would be Microsoft’s second-largest ever, behind 2016’s $24 billion purchase of LinkedIn. All three reports said an announcement may be made in the coming days.
