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Microsoft buying Nuance in deal worth $19.7B

Microsoft, on an accelerated growth push, is buying speech recognition company Nuance in a deal worth about $16 billion. Microsoft will pay $56 per share cash. The companies value the transaction including debt at $19.7 billion. ....

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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 than 17 percent in Monday morning trading.
Microsoft s acquisition of Nuance comes after the companies formed a partnership in 2019. The Redmond, Washington, company said that the deal will double its total addressable market in the health care provider industry, bringing its total addressable market in health care to nearly USD 500 billion. ....

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Alert: Microsoft, on growth push, to buy speech recognition company Nuance for about $16 billion


Alert: Microsoft, on growth push, to buy speech recognition company Nuance for about $16 billion
April 12, 2021
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NEW YORK (AP) Microsoft, on growth push, to buy speech recognition company Nuance for about $16 billion.
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Welcome To IANS Live - SCIENCE - Microsoft to buy speech-recognition firm Nuance for $16B: Report


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San Francisco, April 12 (IANS) 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.
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Update: 12-April-2021 ....

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Microsoft to buy artificial intelligence firm Nuance for $19.7 billion


Updated Apr 12, 2021 | 19:47 IST
The deal comes on the heels of Microsoft s 2016 purchase of LinkedIn for $27 billion and represents the latest step in Microsoft s industry-specific cloud strategy, Microsoft said.
Microsoft to buy artificial intelligence firm Nuance for $19.7 bn  |  Photo Credit: iStock Images
Microsoft will acquire artificial intelligence and cloud computing company Nuance for $19.7 billion, bolstering its healthcare offerings, the tech giant announced Monday.
Nuance s technology is used extensively in medical records and is currently employed in more than three-quarters of US hospitals, Microsoft said in a news release. The transaction is all-cash and the sum includes Nuance s net debt.
The deal comes on the heels of Microsoft s 2016 purchase of LinkedIn for $27 billion and represents the latest step in Microsoft s industry-specific cloud strategy, Microsoft said. ....

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