Chinese Company Baidu Rumored to be Acquiring Nuance Communications

nuance-logo-o

January 13, 2015 – The Boston Business Journal reports that Nuance Communications, which is based in Burlington, Vermont, and markets speech-recognition and document-conversion and scanning products, may be acquired by Chinese Web-services company Baidu.

Asian Sweeper, a Web site focused on business in Asia, first reported on the possible sale.

Baidu, which is valued at $78 billion, has never acquired a major foreign software company, but it did recently invest in San Francisco-based transit start-up Uber.

In 2013, Investor Carl Icahn was rumored to be acquiring Nuance, after it was revealed that Icahn had a 17 percent stake in Nuance. But in June 2014, the Wall Street Journal reported that Nuance was in acquisition talks with Samsung and private-equity firms.

A Nuance spokesman said it’s the company’s policy to not comment “on market speculation and rumors.” Nuance’s speech-recognition technology is used by Apple, Samsung, LG, and HTC.

More Resources:

November 2014: NUANCE’S FOURTH-QUARTER EXCEEDS FORECAST, BUT REPORTS LOSS FOR FULL YEAR

August 2014: REVENUE UP FOR NUANCE’S THIRD QUARTER, BUT FIRM REPORTS A LOSS

June 2014: SAMSUNG IN TALKS TO BUY NUANCE, ACCORDING TO WALL STREET JOURNAL

May 2014: LOSS FOR NUANCE’S SECOND QUARTER, BUT SALES ARE UP

January 2014: NUANCE REPORTS PRELIMINARY RESULTS FOR FIRST QUARTER, REVENUE, EPS BETTER THAN EXPECTED

November 2013: REVENUE UP 12.3 PERCENT FOR NUANCE’S FISCAL YEAR, BUT REPORTS LOSS FOR FULL YEAR AND FOURTH QUARTER

April 2013: INVESTOR CARL ICAHN GETS STAKE IN NUANCE COMMUNICATIONS

%d bloggers like this: