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Microsoft doubles down on cloud healthcare business with $16 billion Nuance buy

Microsoft doubles down on cloud healthcare business with $16 billion Nuance buy
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Microsoft Makes Big Bet on Health-Care AI Technology With Nuance

Microsoft buys Nuance for US$19.7B in bet on health care Dina Bass and Liana Baker, Bloomberg News Microsoft acquires Nuance Communications for US$19.7B VIDEO SIGN OUT Microsoft Corp. is buying speech-recognition pioneer Nuance Communications Inc. in an all-cash deal valued at US$19.6 billion, gaining artificial-intelligence technology aimed at helping doctors predict patients’ needs and upgrading hospitals’ digital record-keeping. The software giant is offering to purchase Nuance at US$56 a share, a 23 per cent premium to Friday’s close, according to a statement Monday, which confirmed an earlier Bloomberg report. The deal marks Microsoft’s largest acquisition since LinkedIn Corp.

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