According to the Wall Street Journal on June 16 (local time), Samsung Electronics is currently considering whether or not to acquire Nuance Communications, which developed speech recognition software Siri used in Apple’s iPhones.
The newspaper reported, “The Burlington, Mass., company has recently spoken about a possible sale of the company with Samsung Electronics and private-equity firms,” adding, “It isn’t clear where sale talks, some of which happened earlier this year, currently stand, or if they will lead to a deal.”
Nuance develops speech recognition technology utilized in mobile phones, televisions, and GPS navigation devices. The company provides its voice and language technologies to not only Apple, but also Samsung, Nintendo, and Mercedes-Benz.
The company’s market cap amounts to US$5.5 billion, and its biggest shareholder is Carl Icahn. His firm holds a 19 percent stake in Nuance.