Microsoft to Acquire Nuance for ~$19.7B

Shots:

• Microsoft to acquire all outstanding shares of Nuance for $56.00/ share, making a total deal value of $19.7B in cash with a premium of 23% to Nuance closing price on Apr 09, including its net debt. The transaction is expected to close in 2021
• The acquisition builds on Microsoft’s efforts to deliver new cloud and AI capabilities across healthcare and other industries
• Nuance will deliver AI expertise & customer engagement solutions across IVR, virtual assistants, digital and biometric solutions to companies around the globe. The expertise will integrate with Microsoft’s cloud, including Azure, Teams, and Dynamics 365, to deliver next-generation customer engagement & security solutions

Click here to­ read full press release/ article | Ref: Microsoft | Image: Loop Jamaica