Microsoft in advanced talks to buy Nuance for about $16 billion

Microsoft is in advanced talks to acquire speech-recognition company Nuance Communications, a person familiar with the discussions told CNBC on Sunday. A transaction could be signed as early as Sunday and announced as soon as Monday, the person said. Joanne Lipman, journalist and distinguished journalism fellow at the Institute for Advanced Study in Princeton, and Sara Fischer, Axios media reporter, joined "Squawk Box" on Monday to discuss.