“Microsoft announced today that it’ll be acquiring cloud-based conversational AI provider Nuance Communications, known for its healthcare solutions, among others, in an all-cash offering valued at $19.7 billion.

“At roughly $56 per share, the figure reflects a 23% premium on Nuance’s closing share price on Friday, April 9, Microsoft said.

“You could consider this premium-priced acquisition of Nuance, which has been a partner since 2019, as being indicative of the importance Microsoft is placing on building up its industry-specific cloud offerings, including the Microsoft Cloud for Healthcare, which was introduced in 2020 with features for virtual health appointments, patient monitoring, and care coordination.”

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