Business • Markets
2021-04-13T04:00:01+00:00

Microsoft buys speech recognition firm Nuance in a $16 billion deal

Microsoft buys speech recognition firm Nuance in a $16 billion deal
Satya Nadella Credit: Microsoft

Microsoft announced on Monday it would buy Nuance for $56 per share, about a 23% premium over Nuance’s closing price Friday.

Nuance has a strong reputation for its voice recognition technology, and it has been considered an acquisition target for companies like Apple, Microsoft and more for several years.

In an interview on CNBC's " Squawk on the Street" Monday, Microsoft CEO Satya Nadella highlighted Nuance's health care tools as the key driver behind the acquisition.

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