There’s nothing subtle about Microsoft’s $19.7 billion, all-cash acquisition of Burlington-based Nuance Communications. It’s a bold statement that Microsoft intends to be the dominant provider of speech-based artificial intelligence systems to the world’s biggest enterprises, particularly in health care.
The Redmond, Wash., software giant will pay $56 a share for Nuance, a 23 percent premium to Friday’s closing price. The acquisition, announced Monday and subject to approval by shareholders and regulators, is Microsoft’s biggest since the company paid $26 billion in 2016 to acquire the business-oriented social network LinkedIn.
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