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MONEYWEB LIVESTREAM In largest acquisition since LinkedIn. By Bloomberg News 13 Apr 2021 06:37 Image: Bloomberg Microsoft is buying speech-recognition pioneer Nuance Communications Inc. in an all-cash deal valued at $19.6 billion, gaining artificial-intelligence technology aimed at helping doctors predict patientsâ needs and upgrading hospitalsâ digital record-keeping. The software giant is offering to purchase Nuance at $56 a share, a 23% premium to Fridayâs close, according to a statement Monday, which confirmed an earlier Bloomberg report. The deal marks Microsoftâs largest acquisition since LinkedIn. INSIDERGOLD Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process. ....
Play Video The transaction value is derived by the $56 a share multiplied by about 350 million fully diluted shares of Nuance, including stock options and stock awards. The acquisition will decrease earnings by less than 1% in the year that begins July 1 and start to add to profit the following year, Microsoft said. Microsoft is tapping the company tied to the Siri voice technology to develop solutions that free doctors from note-taking and better determine health-care needs. It has been working with Nuance for two years on AI software that helps clinicians capture patient discussions and integrate them into electronic health records, and combining the speech technology company’s products into its Teams chat app for telehealth appointments. ....
Microsoft to Acquire Nuance for $19.6 Billion in Health... dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.
Microsoft buys Nuance for US$19.7B in bet on health care Dina Bass and Liana Baker, Bloomberg News Microsoft acquires Nuance Communications for US$19.7B VIDEO SIGN OUT Microsoft Corp. is buying speech-recognition pioneer Nuance Communications Inc. in an all-cash deal valued at US$19.6 billion, gaining artificial-intelligence technology aimed at helping doctors predict patientsâ needs and upgrading hospitalsâ digital record-keeping. The software giant is offering to purchase Nuance at US$56 a share, a 23 per cent premium to Fridayâs close, according to a statement Monday, which confirmed an earlier Bloomberg report. The deal marks Microsoftâs largest acquisition since LinkedIn Corp. ....
Microsoft is poised to make its biggest acquisition since LinkedIn Microsoft is making a massive bet on health-care artificial intelligence. The software giant is set to buy Nuance Communications, tapping the company tied to the Siri voice technology to overhaul solutions that free doctors from note-taking and better predict a patient’s needs. Microsoft may announce the deal as soon as Monday if talks are successful, according to people familiar with the matter. The price being discussed could value Nuance at about US$56/share, a 23% premium to Friday’s close, said one of the people, who asked not to be identified because the information is private. Set to be Microsoft’s largest acquisition since LinkedIn, the purchase would give Nuance an equity value of about $16-billion. ....