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More on Nuance

  • Sources tell the WSJ Nuance (NUAN +8.5%) has recently held talks with Samsung and P-E firms about a potential sale. However, it isn't clear where the talks currently stand.
  • Nuance's voice recognition tech helps power Samsung's S-Voice platform, and has been integrated within Samsung phones, tablets, TVs, and smartwatches.
  • It also helps power Apple's Siri - Cupertino likely wouldn't be pleased with a Samsung deal.
  • With a current $5.8B market cap, Nuance would be a big fish to digest. 11% of the float was shorted as of May 30.
  • Earlier: Nuance reportedly exploring sale
Comments (11)
  • borr4
    , contributor
    Comments (7) | Send Message
     
    AAPL will certainly throw their hat in the ring now: $28/ share takeout value as this auction is about to heat up.
    16 Jun, 12:56 PM Reply Like
  • nlitwinetz
    , contributor
    Comments (86) | Send Message
     
    I don't understand why Icahn would be looking to sell Nuance to Samsung...probably just trying to force Apple's hand.
    16 Jun, 01:05 PM Reply Like
  • User 8322071
    , contributor
    Comments (9) | Send Message
     
    Why does he care who buys it? He just wants the highest price.
    16 Jun, 01:35 PM Reply Like
  • nlitwinetz
    , contributor
    Comments (86) | Send Message
     
    Icahn owns about $1B worth of Nuance and about $2.5B worth of Apple. He owns enough of Nuance (about 20%) to guide it in the direction he wants. However, he doesn't own nearly enough Apple (less than 0.5%) to have much of a say there. It has been speculated for a while that Icahn was trying to get Apple to buy Nuance...but he doesn't have nearly enough clout to force Apple into that decision. However he DOES have enough power at Nuance to push for a sale to Apple's biggest competitor, Samsung. He can essentially force Apple to device if they want to buy Nuance or see the technology behind Siri sold to their biggest competitor.
    16 Jun, 02:23 PM Reply Like
  • User 8322071
    , contributor
    Comments (9) | Send Message
     
    That, or maybe Samsung is willing to make a fulsome offer. I think he is agnostic to the buyer. This won't move aapl at all so it doesn't do anything to his position there.
    17 Jun, 07:25 AM Reply Like
  • Min Aung
    , contributor
    Comments (29) | Send Message
     
    LMAO! Their technology is a joke, hooray for cheap puts
    16 Jun, 01:26 PM Reply Like
  • student23
    , contributor
    Comments (64) | Send Message
     
    you seriously think it's a joke? They have on of the most innovative products out there!! the company could be easily bought at 22-23
    16 Jun, 01:44 PM Reply Like
  • jzheng220wz
    , contributor
    Comments (102) | Send Message
     
    agree, their products are way ahead of competition.
    16 Jun, 01:47 PM Reply Like
  • Bankpas
    , contributor
    Comments (17) | Send Message
     
    Indeed, speculations...looking forward to see some action soon...as my in-the-red options are expiring soon!!!
    16 Jun, 05:35 PM Reply Like
  • Robert Wu
    , contributor
    Comments (61) | Send Message
     
    The probability of a takeover is high but the premium will be limited. Probably low 20s.
    17 Jun, 08:18 AM Reply Like
  • jzheng220wz
    , contributor
    Comments (102) | Send Message
     
    any new thoughts on the takeover? I am currently holding on my 1000 shares.
    26 Jun, 11:06 AM Reply Like
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