Siri software maker Nuance has held sale talks




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Software maker Nuance Communications Inc has held talks with buyers for its sale, the Wall Street Journal reported, citing people familiar with the matter.

The , whose software powers the Siri feature Apple Inc’s iPhones, recently spoke to Samsung Electronics Co and some equity firms for a possible , the Journal said.

Nuance, which has been struggling to hold to its pricing in the handsets , rose as much as 11 percent to $19.04 on the Nasdaq.

Carl Icahn reported a 15.9 percent increase in his stake in the to 60.8 for the quarter ended Dec. 31.

The activist investor, Nuance’s largest shareholder, held about 19.08 percent stake in the as March 31, 2014.

The company’s current market capitalization is about $5.45 , according to Thomson Reuters data.

It wasn’t clear where the talks, some which happened earlier this year, currently stand and whether they would result in a , the Journal said. (Reuters)