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.
NEW YORK: Microsoft said on Monday (Apr 12) it would buy artificial intelligence and speech technology firm Nuance Communications in a US$19.7 ...
Microsoft is reportedly acquiring speech-recognition company Nuance Communications for nearly $16 billion and the deal could be announced on Monday (US time), the media reported.
Microsoft has acquired speech recognition systems company Nuance in an all-cash deal valued at $19.7 billion, giving it control over the firm that helped Apple process Siri queries.
SHARE Microsoft is buying speech technology company Nuance Communications in an all-cash deal valued at $19.7 billion, including debt, making a massive bet on health care artificial intelligence. The software giant is offering to purchase Nuance at $56 per share, a 23 per cent premium to Friday’s close, according to a statement on Monday. The deal marks Microsoft’s largest acquisition since LinkedIn. It will “minimally” decrease earnings in the year that begins July 1 and start to add to profit the following year, Microsoft said. Microsoft is tapping the company tied to the Siri voice...
Update (12/04/21): While we only just heard about Microsoft’s negotiations to acquire Nuance in the last 48 hours, things have moved quickly. This afternoon, Microsoft officially announced that it is acquiring Nuance in a deal worth $19.7 billion – the second largest acquisition in the company’s history. As expected, this acquisition will be used to …