Microsoft buys Nuance for $19.7 billion

Microsoft has officially announced that it has reached an acquisition agreement with Nuance Communications, which is valued at approximately $19.7 billion. The deal should strengthen Microsoft’s position in the cloud, artificial intelligence, and healthcare industries by leveraging Nuance’s expertise.

Microsoft CEO Satya Nadella tweeted that “artificial intelligence is one of the top technology priorities, and healthcare is the most urgent application.” He also added that “Nuance is providing AI technology to the healthcare industry and is a pioneer in applying AI to the corporate sector.”

Nuance is also known for advancing voice control technology. In particular, the company previously provided Siri with a speech recognition engine.

It is expected that all formal procedures regarding the transaction will be completed by the end of this year. Mark Benjamin, CEO of Nuance, will remain in office until the Microsoft Cloud division takes over the company. It is unclear what will happen to Nuance projects, but many of them will likely become part of various Microsoft services.

Author: John Kessler
Graduated From the Massachusetts Institute of Technology. Previously, worked in various little-known media. Currently is an expert, editor and developer of Free News.
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