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Microsoft Buys Nuance for $19.7B in Healthcare Tech Bet Related Stories March 30, 2021 March 30, 2021 March 30, 2021 Microsoft Corp. is buying speech technology company Nuance Communications Inc. in an all cash deal valued at $19.7 billion, including debt, making a massive bet on healthcare artificial intelligence. The software giant is offering to purchase Nuance at $56 a share, a 23% premium to Friday’s close, according to a statement, which confirmed an earlier Bloomberg report. The deal marks Microsoft’s largest acquisition since LinkedIn Corp. The deal will “minimally” decrease...

Read more about Microsoft buys AI firm Nuance Communications in $19.7-billion deal on Business Standard. With operations in 28 countries, the Burlington, Massachusetts-based company reported $1.5 billion in revenue in fiscal-year 2020

Microsoft said on Monday (Apr 12) it would buy artificial intelligence and speech technology firm Nuance Communications for about US$16 billion, ...

“AI is technology’s most important priority, and healthcare is its most urgent application,” Microsoft CEO Satya Nadella said in a statement. Microsoft also has its own digital voice assistant, Cortana, but its consumer use has been limited compared to similar features from Amazon, Google and Apple. Nuance has sought to refine its voice recognition technology beyond consumer use to better understand the complexities of medical language. Aside from health care, Nuance provides voice-related AI technology in other products, including security features that can recognize individual voices ...

Purchase of Nuance Communications would mark Microsoft’s largest acquisition since LinkedIn.