Microsoft to Acquire Nuance for $19.6 Billion in Health-Care Bet
Bloomberg 5 days ago Dina Bass and Liana Baker © Photographer: Simon Dawson/Bloomberg A logo sits on display outside the Microsoft Corp. pavilion at the Mobile World Congress in Barcelona.
(Bloomberg) Microsoft Corp. is buying speech-recognition pioneer Nuance Communications Inc. in an all-cash deal valued at $19.6 billion, gaining artificial-intelligence technology aimed at helping doctors predict patients’ needs and upgrading hospitals’ digital record-keeping.
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The software giant is offering to purchase Nuance at $56 a share, a 23% 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.
Microsoft to Acquire Nuance for $19 6 Billion in Health-Care Bet
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Microsoft to Acquire Nuance for $19 6 Billion in Health-Care Bet
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.