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RSS FeedsHere`s why Microsoft just dropped nearly $20 billion on Nuance
(Windows Phone Central)


13 april 2021 00:55:27

Here`s why Microsoft just dropped nearly $20 billion on Nuance
(Windows Phone Central)

There`s a lot to consider with Microsoft`s expensive Nuance deal. On the April 12, 2021, Microsoft announced it entered into an agreement to buy Nuance Communications, Inc., a company specializing in speech technology and AI. Microsoft is paying $19.7 billion to claim Nuance as its own. It`s estimated that a small portion of that overall figure — a little over $3 billion of it — covers the cost of Nuance`s debts, with the rest (around $16 billion) representing the value of the deal itself. Though this isn`t Microsoft`s most expensive acquisition, falling well short of beating out deals such as the tech giant`s purchase of LinkedIn for $26.2 billion back in 2016, it`s still a noteworthy event for the company. Nuance is known for selling the popular Dragon speech-recognition software as well as helping make Apple`s Siri possible. Given that resume, Nuance seems like a natural fit for Microsoft`s tech ambitions. Still, $19.7 billion is quite the investment. Why might Microsoft be...

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