The news this morning was Microsoft’s interest in taking over Nuance, a company that among its successes had been part of the foundation and development of the technology that gave birth to Siri. And the day is not over when we know that the purchase has been made.
Finally, Microsoft Corp has bought Nuance Communications and the two companies have announced that they have signed a definitive agreement whereby Microsoft will acquire Nuance in a cash transaction valued at $ 19.7 billion, an amount greater than what had been disclosed.
The second most expensive purchase
The purchase involves Microsoft making a payment of $ 56 per share, a 23% premium over Nuance’s closing price on Friday, April 9. The transaction is expected to close this calendar year.
As we said, this purchase is the second largest made by Microsoft after taking over LinkedIn in 2016 for $ 29.2 billion. This is in addition to those created by ZeniMax Media, Bethesda’s parent company, and the interest of getting Discord. And between the two, the interest of the American company in buying TikTok or Pinterest is also known.
AI is technology’s most important priority, and healthcare is its most urgent application. In collaboration with @NuanceInc, we will put advanced artificial intelligence solutions in the hands of professionals to foster better decision-making and create more meaningful connections. https://t.co/ipdP6qZTx9
– Satya Nadella (@satyanadella) April 12, 2021
Nuance is the company that took over Swype, the famous mobile keyboard that saw Swiftkey take the lead with its keyboard, which in turn was acquired by Microsoft. Additionally, Nuance is also the company behind the Dragon software which has also been integrated with Swype to serve as a speech recognition assistant that learns based on how we use it.
Microsoft’s goal with this purchase is to strengthen two of its divisions, such as the medical division in which Dragon will join to improve interactive customer service and of course, business, one of the pillars of the company on which they want to bet. artificial intelligence (this is where Nuance comes in) and the use of speech recognition for use in a large number of applications in terms of biometric solutions.
Via | Axios
More information | Microsoft