“Investment tycoon Carl Icahn has been bullish on Apple lately. In mid-August, Icahn unexpectedly tweeted that Icahn Enterprises, his diversified holding company, believed Apple to be ‘extremely undervalued,'” John Brownlee reports for Cult of Mac. “Immediately, share prices jumped 5.6%. The next week, Icahn announced on Twitter that he and Tim Cook would be meeting in September to discuss a larger buyback program of AAPL shares. That’s all nice, but Icahn is a business magnate, not an Apple fanboy. So what the heck is he up to here?”
Brownlee reports, “A new theory being put forward by some investors is that Icahn has ulterior motives for his sudden Apple love affair: he wants Apple to buy Nuance, a company Icahn has a large stake in.”
“The thinking goes that Apple might consider itself overly dependent upon Nuance, which sells other voice-recognition solutions to other software providers (like Android) and even makes the popular Dragon Dictate voice-recognition software for PC or Mac,” Brownlee reports. “Apple doesn’t like being too reliant on an outside vendor, so the theory is that Apple should buy Nuance to bring Siri’s core-tech in house for around $7 billion… a mere pittance in Cupertino’s war chest. That would be a good thing for Carl Icahn, who owns a 16.9% stake in the company.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Edward W.” for the heads up.]