Nuance Communications (NUAN) Said to Have Held Talks with Samsung, PE firms About Possible Sale
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(Updated - June 16, 2014 12:48 PM EDT)
Nuance Communications (NASDAQ: NUAN) said to have held talks with Samsung, private equity firms, according to the WSJ.
Nuance is looking to explore options for a possible sale.
The WSJ noted that activist investor Carl Icahn is one of Nuance's largest shareholders with a 19 percent stake (as of March 31st). Icahn also has two reps on the company's board of directors.
Customers for Nuance, which develops voice-powered technology used in mobile devices and for other applications, include Daimler, Nintendo, and Panasonic.
Shares of Nuance are up 7.4 percent.
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