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Monday, June 16, 2014

CORRECTED-Siri software maker Nuance has held sale talks - WSJ, (NASDAQ: NUAN)

Software maker Nuance Communications Inc is in talks with possible buyers for its sale, the Wall Street Journal reported, citing people familiar with the matter. The company, whose software powers the Siri feature on Apple Inc's iPhones, recently spoke to Samsung Electronics Co and some private equity firms for a possible deal, the Journal said. ( of Nuance, which has been struggling to hold on to its pricing in the handsets business, rose as much as 11 percent to $19.04 on Monday on the Nasdaq.Carl Icahn reported a 15.9 percent increase in his stake in the company to 60.8 million shares for the quarter ended Dec. 31.The activist investor, Nuance's largest shareholder, held about 19.08 percent stake in the company as of March 31, 2014.

Nuance Communications, Inc. is a provider of voice and language solutions for businesses and consumers globally. Shares of NUAN traded higher by 9.24% or $1.58/share to $18.68. In the past year, the shares have traded as low as $13.00 and as high as $20.01. On average, 3722990 shares of NUAN exchange hands on a given day and today's volume is recorded at 14991170.