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by Staff, wire reports — April 12, 2021 . Microsoft, on an accelerated growth push, is buying speech recognition company Nuance in a deal worth about $16 billion. Microsoft will pay $56.00 per share cash. That’s a 23% premium to Nuance’s Friday closing price. The companies value the transaction at $19.7 billion, including debt. Shares of Nuance surge about 23% in Monday premarket trading. “Nuance provides the AI layer at the healthcare point of delivery and is a pioneer in the real-world application of enterprise AI,” said Satya Nadella, CEO, Microsoft. “AI is technology’s most ...

Microsoft buys AI firm Nuance for $19.7bn in healthcare push Microsoft has agreed a $19.7bn deal to buy AI health firm Nuance (Getty Images) Microsoft today said it will buy AI health firm Nuance Communications in a $19.7bn (£14.3bn) deal as it looks to bolster its healthcare offering. Massachusetts-based Nuance offers artificial intelligence and speech technology services designed to automate clinical administrative work and reduce the burden of paperwork on doctors. Microsoft said its offer of $56 per share represented a 23 per cent premium on Nuance’s closing price on F...

Microsoft Acquires Nuance to Accelerate Its Healthcare Industry Cloud Strategy Acquisition will combine solutions and expertise to deliver new cloud and AI capabilities across healthcare and other industries April 12, 2021 — Microsoft Corp and Nuance Communications, Inc. announced they have entered into a definitive agreement under which Microsoft will acquire Nuance for $56 per share, implying a 23% premium to the closing price of Nuance on Friday, April 9, in an all-cash transaction valued at $19.7 billion, inclusive of Nuance's net debt. Nuance is a trusted cloud and artificial int...

Microsoft accelerates industry cloud strategy for healthcare with the acquisition of Nuance Acquisition will combine solutions and expertise to deliver new cloud and AI capabilities across healthcare and other industries News provided by Share this article Share this article REDMOND, Wash., and BURLINGTON, Mass., April 12, 2021 /PRNewswire/ -- Microsoft Corp (Nasdaq: MSFT) and Nuance Communications, Inc. (Nasdaq: NUAN) today announced they have entered into a definitive agreement under which Microsoft will acquire Nuance for $56.00 per share, implying a 23% premium to the closing price of Nu...

April 12th, 2021 Microsoft Microsoft has today announced that it has entered into an agreement to buy Nuance Communications for around $19.7 billion. The deal is designed to bolster Microsoft’s cloud, AI and healthcare businesses, using Nuance’s know-how in those fields to improve the software giant’s own products. In the announcement, Microsoft specifically singles out Microsoft Cloud for Healthcare, which Nuance was already involved with, as a key beneficiary of the deal. Microsoft CEO Satya Nadella tweeted that “AI is technology’s most important priority, and healthcare is its mo...