Click to Skip Ad
Closing in...
  1. Amazon Gift Card Promotion
    14:41 Deals

    Amazon’s giving away $15 credits, but this is your last chance to get one

  2. Control Garage Door With iPhone
    08:10 Deals

    Unreal deal gets you Amazon’s hottest smart home gadget for $23 – plus a $40 c…

  3. Self-Emptying Robot Vacuum
    16:11 Deals

    Amazon coupon slashes our favorite self-emptying robot vacuum to its lowest price ever

  4. Amazon Deals
    07:58 Deals

    10 deals you don’t want to miss on Saturday: $5 Alexa smart plugs, $110 electric sta…

  5. Amazon Echo Auto Price
    11:41 Deals

    Last chance to add hands-free Alexa to your car for $19.99 with this Amazon deal




Samsung is in talks to buy Nuance, the company behind Siri’s speech recognition

June 16th, 2014 at 3:18 PM
Samsung Nuance Acquisition

Nuance Communications, one of the biggest names in speech recognition, might be heading to the highest bidder before long. The Wall Street Journal reports that Nuance has been in talks with potential suitors as the company seeks a sale. According to sources familiar with the company, Samsung as well as several private-equity firms have been part of this discussion.

You might not know Nuance, but you probably know its work — the company’s technology is currently being used in Samsung’s phones, tablets, TVs and even the South Korean vendor’s line of wearable devices. Nuance’s voice recognition tech can also be found in Apple’s digital assistant, Siri.

Ahead of the announcement regarding Nuance’s potential sale, the company had a market capitalization of around $5.5 billion. That number increased handily following the report by the Journal.

It’s worth noting that Nuance’s largest shareholder, with 19% ownership of the company, is currently Carl Icahn, one of the most infamous activist investors in the industry. There is no clear indication whether the discussions have been productive so far, but the Journal notes that Icahn’s presence could heavily influence the final decision.

Nuance has a large portfolio of customers beyond the mobile industry as well, including Daimler, Nintendo and Panasonic. Nuance’s last fiscal year resulted in $1.86 billion in revenue.

Jacob started covering video games and technology in college as a hobby, but it quickly became clear to him that this was what he wanted to do for a living. He currently resides in New York writing for BGR. His previously published work can be found on TechHive, VentureBeat and Game Rant.




Popular News