Earlier reports had said Burlington, Massachusetts, digital speech company Nuance may buy troubled voicemail-to-text counterpart Spinvox before year’s end – and Nuance on Wednesday confirmed exactly that…
The price – $102.5 million – is less than half the more-than-$200 million in investment that Spinvox had raised before things started to go bad earlier this year, so there’s significant loss here for investors. It comes in $66 million in cash and $36.5 million in Nuance shares (2.3 million).
Nuance says it will be “integrating SpinVox