10
Microsoft Corp. has agreed to buy artificial intelligence company Nuance Communications Inc. for $16 billion, extending chief executive Satya Nadella s run of big acquisitions to accelerate growth in everything from healthcare to videogaming.
Microsoft said Monday it would pay $56 per Nuance share, a 23% premium over Friday s closing price, in a bet on the growing demand for digital tools within healthcare.
The all-cash deal is Microsoft s second largest acquisition under Mr. Nadella. The company in 2016 spent about $26 billion for professional network LinkedIn Corp.
Mr. Nadella s deal making has taken off since that landmark purchase. Microsoft has undertaken more than 100 acquisitions in the past four years, according to data provider Dealogic, committing more than $26 billion not including the Nuance deal.
Ecuador Bonds Rally as Millionaire Banker Wins Presidency Bloomberg 17 mins ago Stephan Kueffner and Sydney Maki
(Bloomberg) Ecuadorean bonds rallied after career banker Guillermo Lasso won the presidential election with a late surge in support, calming investors who thought his opponent was likely to lead the default-prone country into insolvency once again.
Lasso beat out economist Andres Arauz, a left-wing protege of former President Rafael Correa, by a solid margin in Sunday’s runoff vote. Arauz, who conceded defeat, won February’s first round by 13 percentage points.
It was a massive relief for bondholders, who bid up the country’s benchmark notes to their biggest gain since they were restructured just eight months ago. Ecuadorean debt had been trading at levels that signaled broad investor skepticism amid worry that a victory for Arauz would lead to unsustainable levels of social spending and an inevitable default from a politician who promised
Ecuadorean bonds rallied after career banker Guillermo Lasso won the presidential election with a late surge in support, reassuring investors in the default-prone country and shoring up U.S. ties.
(Bloomberg) Career banker Guillermo Lasso won Ecuador’s presidential election after a late surge in support, reassuring bondholders in the default-prone country and shoring up U.S. ties.
Ecuadorean bonds rallied after career banker Guillermo Lasso won the presidential election with a late surge in support, calming investors who thought his opponent was likely to lead the default-prone country into insolvency once again.