• Microsoft buying speech recognition firm Nuance in $16B deal

    1 month ago - By Stl Today

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

    Microsoft buying speech recognition firm Nuance in $16B deal

    1 month ago - By Chron

    Microsoft, on an accelerated growth push, is buying speech recognition company Nuance in a deal worth about $16 billion.
    The acquisition will get Microsoft deeper into hospitals and the health care industry through Nuance's widely used medical dictation and transcription tools.
    Microsoft will pay $56 per share cash. That's a 23% premium to Nuance's Friday closing price. The companies value the transaction including debt at $19.7 billion.
    Shares of Burlington, Massachusetts-based Nuance surged about 16% in Monday trading.
    Nuance has been a pioneer in voice-based artificial intelligence...
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