Microsoft is in advanced talks to buy artificial intelligence (AI) and speech technology company Nuance Communications at about $16 billion (roughly Rs 1.19 lakh crores), according to a source familiar with the matter. The price being discussed could value Nuance at about $56 a share, the source said, adding that an agreement could be announced as soon as Monday. Bloomberg News, which first reported the deal between Nuance and Microsoft, said that the talks are ongoing and the discussions could still fall apart. Burlington, Massachusetts-based Nuance whose voice recognition technology helped launch Apple’s assistant Siri, makes software for sectors ranging from healthcare to the automotive industries. The deal with Nuance would be Microsoft’s second-biggest deal, after its $26.2 billion acquisition of LinkedIn in 2016. Microsoft and Nuance did not immediately respond to Reuters’ request for comment.
LinkedIn last week faced a massive data leak of 500 million users. The leak purported to data of 500 million users that is allegedly being sold online. An archive with data purportedly scraped from 500 million LinkedIn profiles has been put for sale on a popular hacker forum, with another 2 million records leaked as a proof-of-concept sample by people behind the hack.