Healthcare Innovation April 12, 2021
Microsoft’s CEO asserted that “AI is technology’s most important priority, and healthcare is its most urgent application”
Microsoft announced on Monday, April 12 that it has entered into a definitive agreement under which the technology giant will acquire artificial intelligence company Nuance in an all-cash transaction valued at $19.7 billion.
Per the deal’s terms, Microsoft will acquire Nuance for $56 per share, implying a 23 percent premium to the closing price of Nuance on Friday, April 9. The $19.7 billion valuation is inclusive of Nuance’s net debt, giving Nuance an equity value of about $16 billion.
CNBC and Bloomberg first reported on Sunday that Microsoft was in advanced talks to acquire the Burlington, Mass.-based Nuance, which is primarily...
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