The following appears on bizjournals.com
Shares of Burlington-based speech recognition company Nuance (Nasdaq: NUAN) were up slightly Monday on rumors that it could be acquired by Chinese web services firm Baidu.
The speculation was first reported by Asian Sweeper, a website focused on business news from across Asia.
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Baidu, valued on Wall Street at $78 billion, has never acquired a major foreign software company, according to stock market news website Seeking Alpha — although it recently made an investment in San Francisco-based transit startup Uber.
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