Microsoft in talks to buy AI firm Nuance Communications for about $16 billion

ronjor · Apr 11, 2021

By Krystal Hu April 11, 2021

(Reuters) -Microsoft Corp is in advanced talks to buy artificial intelligence and speech technology company Nuance Communications Inc at about $16 billion, according to a source familiar with the matter.
Burlington, Massachusetts-based Nuance whose voice recognition technology helped launch Apple Inc’s assistant Siri, makes software for sectors ranging from healthcare to the automotive industries.
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ronjor · Apr 12, 2021

Microsoft to buy AI firm Nuance Communications in $19.7 billion deal

(Reuters) - Microsoft Corp said on Monday that it will buy Nuance Communications Inc in a $19.7 billion deal, as it looks to bolster its suite of enterprise applications with the artificial intelligence firm’s advanced speech technology.
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guest · Dec 21, 2021

European Union accepts Nuance acquisition by Microsoft
December 21, 2021

The European Commission has announced that it has approved unconditionally Microsoft’s acquisition of Nuance, a company that develops transcription software. The EC said that the acquisition poses no competition concerns in the European Economic Area (EEA) and has therefore allowed it to go through.

In a statement about the acquisition, which was confirmed back in April, the Commission said:

“Based on its market investigation, the Commission found that the transaction, as notified, would not significantly reduce competition in the transcription software, cloud services, enterprise communication services, customer relationship management, productivity software and PC operating systems markets.”
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According to Reuters, the deal is the second-biggest acquisition for Microsoft after the $26.2 billion it paid for LinkedIn in 2016 (It has paid $16 billion for Nuance). The EU’s approval of the deal is one of the final hurdles for the acquisition as the United States and Australia have already given it the go-ahead.
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guest · Mar 4, 2022

After clearing all regulatory hurdles, Microsoft closes $20B Nuance deal
March 4, 2022

When Microsoft announced its intent to buy Nuance Communications last year for $20 billion, it marked a hard move into healthcare for the company. But the deal was not a slam dunk by any means in an increasingly tight regulatory environment. After finally clearing all the regulatory hurdles, however, the company announced today that the deal has closed.

In a video statement CEO Satya Nadella called Nuance a pioneer in enterprise AI, and said that he is looking forward to seeing what the two companies can accomplish together.
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Nadella’s statement strongly hinted that the company intends to use the Nuance technology more broadly than its primary healthcare focus, taking advantage of Microsoft’s vast resources to build on the existing solutions and bring them to other verticals like financial services, retail and telecommunications. Time will tell how that all comes together.
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Microsoft: Microsoft completes acquisition of Nuance, ushering in new era of outcomes-based AI

Strategic, highly complementary acquisition accelerates industry-specific cloud strategy to transform the future of work and care
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Microsoft in talks to buy AI firm Nuance Communications for about $16 billion

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