Microsoft announced plans on Monday to buy Nuance in a $19.7 billion all-cash transaction which includes the company’s debt. Microsoft paid $56 per share, a 23% premium over Friday’s close, the company said.
The deal should be finalized by the end of the calendar year, subject to the approval of regulators and Nuance’s shareholders. Nuance is Microsoft’s second-largest acquisition after the $26 billion purchase of LinkedIn in 2016, but the deal might be even more important. The acquisition of Nuance could shape the future of computing.
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Microsoft just made a $20 billion bet on the future of computing originally appeared on BGR.com on Mon, 12 Apr 2021 at 14:10:14 EDT. Please see our terms for use of feeds.
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