170
Microsoft ready to acquire Nuance. After the rumors that have been running around in the last few hours, the two companies have announced that they have reached a definitive agreement under which Microsoft will acquire Nuance for $ 56 per share. This is a value that implies a 23% premium on Nuance’s closing price on Friday, April 9, in an all-cash transaction worth $ 19.7 billion (including Nuance’s net debt). Mark Benjamin will remain CEO of Nuance, reporting to Scott Guthrie, executive vice president of Cloud & AI at Microsoft. The transaction is expected to close later this year.
Nuance, listed on Nasdaq, is a company active in the field of voice technology and artificial intelligence.