Microsoft Corp is in advanced talks to buy artificial intelligence and speech technology company Nuance Communications Inc at about $16 billion, Bloomberg News reported on Sunday.
An agreement could be announced as soon as this week, Bloomberg quoted people familiar with the matter as saying.
The price being discussed could value Nuance at about $56 a share, one of the people told Bloomberg, though the terms could still change.
Talks between Burlington, Massachusetts-based Nuance and Microsoft are ongoing and the discussions could still fall apart, the report added.
