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Icahn buys Nuance stake

By Reuters
New York, 02 Apr 2013

Billionaire investor Carl Icahn has taken a 9.27% passive stake in speech recognition and digital imaging software maker Nuance Communications, cable television network CNBC reported yesterday.

Icahn, who is known for taking large "activist" positions in companies and pushing for management change, has taken a passive position in Nuance, CNBC said.

Apple uses Nuance's speech recognition technology in its iPhone devices as part of its Siri voice recognition feature.

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