NUAN - Microsoft's $20 Billion Bet on Nuance
Microsoft (NASDAQ: MSFT) has been on a yearslong shopping spree, including recent rumors that it is interested in buying gaming chat start-up Discord for over $10 billion. The enterprise software giant kicked off the week by announcing a blockbuster deal to scoop up voice recognition and artificial intelligence (AI) specialist Nuance Communications (NASDAQ: NUAN) for nearly $20 billion. That price tag is second in size only to Microsoft's $26.2 billion acquisition of LinkedIn back in 2016.
With the Nuance transaction, Microsoft is significantly bolstering its position in the healthcare market. Here's what investors need to know.
Microsoft CEO Satya Nadella. Image source: Microsoft.
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Microsoft's $20 Billion Bet on Nuance