Nuance's Acquisition Spree Continues with PhoneTag Maker
Nuance Communications today announced that it has agreed to acquire Ditech Networks. Ditech's most well-known product is PhoneTag, a voicemail-to-text service for mobile phones. According to Nuance, the purchase will give it not only PhoneTag's technology and expertise, but customers as well. Additionally, Ditech has Voice Quality Assurance technology that Nuance plans to add to its own. The cash transaction, valued at about $22.5 million, has already been approved by the boards of both companies and is subject to some closing conditions. Nuance has purchased more than a half-dozen similar companies, such as Swype, SVOX, and Vlingo, in the last year.
LeEco Scraps Vizio Acquisition
LeEco today said it has canceled plans to acquire TV-maker Vizio. The company first announced the $2 billion acquisition last summer.
AT&T to Buy Time Warner for $85.4 Billion
AT&T has agreed to purchase Time Warner for $85.4 billion in a stock-and-cash deal that will merge AT&T's delivery networks with Time Warner's vast catalog of content. AT&T believes the combined companies will be able to save $1 billion per year once fully merged.
Motorola Solutions Acquires PTT Provider Kodiak Networks
Motorola Solutions today said it has agreed to acquire Kodiak Networks for an undisclosed sum. Motorola Solutions is the not the Lenovo-owned company behind Motorola smartphones; rather, Motorola Solutions is a separate corporation that handles first-responder and push-to-talk hardware, and wireless networking equipment.
Uber Buys Some of Microsoft's Bing Assets
Uber has agreed to acquire about 100 engineers and other assets from Microsoft's Bing product. Specifically, Uber will take possession of Bing's "product image collection activities," according to TechCrunch.