Stay updated with breaking news from Mark Benjamin. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Nuance Communications agreed to a $20 billion takeover from Microsoft Monday that marks the tech giant's second-largest deal on record as it moves deeper into the healthcare sector.
Microsoft Is Reportedly in Talks to Scoop Up AI Firm Nuance Communications for $16 Billion Photo: Jeenah Moon (Getty Images) Microsoft is in advanced talks to acquire Nuance Communications, an artificial intelligence firm whose speech recognition tech helped develop Apple’s Siri virtual assistant, for as much as $16 billion, a source familiar with the matter told Reuters. Advertisement The deal price being negotiated could value Nuance at around $56 per share, the source said, a roughly 23% premium compared to the share’s closing price on Friday. They added that an official announcement ...
Table Of Contents UPDATE: As of Monday 12th April, Microsoft has confirmed the acquisition of Nuance for $19.7 billion USD, including Nuance’s net debt. CEO Satya Nadella comments in the announcement: ‘Nuance provides the AI layer at the healthcare point of delivery and is a pioneer in the real-world application of enterprise AI,’ and continues: ‘AI is technology’s most important priority, and healthcare is its most urgent application. Together, with our partner ecosystem, we will put advanced AI solutions into the hands of professionals everywhere to drive better decision-making...
_story.jpg)
Microsoft confirms Nuance acquisition for nearly $20 billion Apr 12, 2021 09:42 EDT with 4 comments Over the weekend, reports emerged that Microsoft was considering an acquisition of Nuance Communications, a company focusing on cloud and AI products, specifically for healthcare. It hasn't taken long for an official confirmation, as Microsoft has now announced that that's acquiring the company in an all-cash transaction valued at $19.7 billion, including Nuance's net debt. That values each share at $56, a 23% increase over their closing price on Friday, April 9. Nua...
Microsoft, on an accelerated growth push, is buying speech recognition company Nuance in a deal worth about $16 billion. Microsoft will pay $56 per share cash. That's a 23% premium to...