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Nuance Communications, Inc. (NASDAQ:NUAN) purchases Ditech Networks, Inc. (NASDAQ:DITC) at $1.45 per share, which represents a 79 percent windfall to its Monday close. The buyer says that Ditech’s voice tech will improve its repertoire of mobile and enterprise voice offerings.
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Yahoo! Inc. (NASDAQ:YHOO) and Alibaba.Com Limited (ALBCF.PK) have now officially concluded their $7.6 billion share buyback arrangement. Through its terms, Alibaba receives 50 percent of Yahoo’s 40 percent investment back, and also has the option of repurchasing half of the remainder if and when it conducts an initial public offering. Marissa Mayer now has a post-tax amount of $4.5 billion with which to go shopping for acquisitions, after her decision to review plans to give the money back to shareholders. Observers wonder if Yelp (NYSE:YELP) might be on Mayer’s list.
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