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Microsoft, on an accelerated growth push, is buying speech recognition company Nuance in a deal worth about $16 billion.

Microsoft to buy speech tech company Nuance for nearly $20 billion April 12, 2021 / 10:33 AM / CBS/AP Microsoft, on an accelerated growth push, is buying speech recognition company Nuance in an all-cash transaction valued at $19.7 billion, including the AI software company's debt. This acquisition is the Redmond, Washington-based software giant's second largest under CEO Satya Nadella, after its $26 billion acquisition of professional networking site Linkedin, in 2016. Microsoft will pay $56 per share, a 23% premium over the closing price of Nuance on April 9. "For Nadella & Co, this is...

The tech titan is boosting its bona fides in the healthcare arena.

Hello? Is this thing on? Richard Speed Mon 12 Apr 2021 // 18:58 UTC Share Copy Microsoft is to buy Nuance Communications for $19.7bn in a bid to bolster its healthcare product line with AI conversational smarts. The deal, which will see Microsoft purchase Nuance for $56 per share (a 23 per cent premium on Friday's closing price), includes Nuance's net debt. The move is not entirely surprising. The companies announced a partnership in the healthcare space in 2019 and Microsoft plans to plug Nuance's tech into the Microsoft Cloud for Healthcare which, Microsoft reckons, ...