Microsoft buying Siri's AI developer firm Nuance in $16 bn deal | Technology News
Microsoft's acquisition of Nuance comes after the companies formed a partnership in 2019. AI is technology's most important priority, and healthcare is its most urgent application, Microsoft CEO Satya Nadella said in a statement. Microsoft, on an accelerated growth push, is buying speech recognition company Nuance in a deal worth about USD 19.7 billion. Microsoft will pay USD 56 per share in cash. That's a 23 percent premium to Nuance's Friday closing price. The companies value the transaction including debt at USD 19.7 billion. Shares of Burlington, Massachusetts-based Nuance surged more tha...