Chinese Company Baidu Rumored to be Acquiring Nuance Communications
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.