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Welcome To IANS Live - SCIENCE - Microsoft buys speech-recognition company Nuance for $19.7B


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Redmond (Washington State), April 12 (IANS) In one of the biggest tech deals, Microsoft on Monday announced to acquire speech-recognition company Nuance Communications for $19.7 billion in an all-cash transaction.
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Update: 12-April-2021 ....

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Microsoft Bets Big On Health With $19.7 Bn Purchase Of Nuance


Microsoft Bets Big On Health With $19.7 Bn Purchase Of Nuance
By
John BIERS
on April 13 2021 10:18 AM
Microsoft is to acquire artificial intelligence and cloud computing company Nuance for $19.7 billion, bolstering its healthcare presence with a leader in voice recognition technology.
Nuance s technology includes a conversational AI tool versed in specialized medical terms, freeing physicians from note-taking and allowing better patient-physician interactions in person or in the telemedicine appointments that have taken off during the pandemic, executives said.
Nuance s program has completely redefined clinical documentation by capturing and contextualizing every words of the physician/patient encounter and automatically documenting it, said Microsoft Chief Executive Satya Nadella during a briefing Monday. ....

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Microsoft to buy speech tech company Nuance for nearly $20 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 right acquisition at the right time with Microsoft doubling down on its healthcare initiatives over the coming years, said Wedbush Securities analysts Dan Ives and Strecker Backe in a research note. ....

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