Microsoft has officially announced the purchase of Nuance Communications.
Who is it?
Nuance is an American
Moreover, at one time Nuance developed technology that was later bought by Apple and used for its virtual assistant Siri.
At the end of the 2020 financial year (ended in September), Nuance's revenue grew by 37%, and net profit amounted to $91 million.
Terms of a transaction
Microsoft had to pay 23% above marketThe company's value is $19.7 billion. That's $56 per share. The deal is expected to close by the end of this year, subject to regulatory approval.
However, Mark Benjamin will remainexecutive director of Nuance, but will report to executive vice president of cloud and AI at Microsoft, Scott Guthrie. Microsoft notes that the purchase will improve its position in the healthcare field and expand the capabilities of Microsoft Cloud for Healthcare offerings.
By the way, this is the second largest Microsoft deal. The only thing that cost her more was the purchase of LinkedIn for $26.2 billion in 2016.
</ p>