AI software news
Microsoft to Acquire Nuance Communications in ‘Biggest Deal’ Since LinkedIn
Microsoft is set to acquire AI software company Nuance Communications – marking Microsoft’s second-largest acquisition ever. The “Nuance deal would be a trophy for Redmond,” according to Wedbush Analyst, Dan Ives. “Nuance is in the midst of an unprecedented strategic turnaround the last few years under the leadership of CEO Mark Benjamin and we believe the company represents a unique asset on the health-care front for Microsoft.” TechCentral revealed that the acquisition could value Nuance at about US$56/share, giving the company an equity value of about $16-billion. “This can really help Microsoft accelerate the digitisation of the healthcare industry, which has lagged other sectors such as retail and banking,” says Bloomberg Intelligence senior analyst, Anurag Rana. “The biggest nea...
