Microsoft and Nuance announced their acquisition in April last year. But the USD 19.7 billion deal which was expected to close by the end of 2021, got completed recently after meeting the final regulatory condition.
Place, Date: Friday morning, Microsoft and Nuance completed their long impending acquisition deal valued at USD 19.7 billion. The deal got closed a couple of days after the companies met the final regulatory condition. The extended timeline signifies how scrupulously tech deals are being monitored and regulated these days.
Microsoft informed the acquisition of Nuance would foster innovations that blend the capabilities of AI, voice, and cloud technologies for diverse domains, including retail, telecom, healthcare, etc.
As indicated by Nuance’s CEO and Microsoft’s Cloud + AI VP, together, the companies are committed to innovative new and cutting-edge AI solutions. While making healthcare more personalized, accessible, effective, and affordable, these solutions will also enhance the patient and clinician experience.
Microsoft Corporation is a US-based global technology company dealing in personal computers, computer software, consumer electronics, and related services. Nuance is a multinational computer software technology corporation that markets speech recognition and AI software. Established in 1992, Nuance is headquartered in Burlington, Massachusetts, United States.