Todd Spangler NY Digital EditorMicrosoft said it clinched a deal to buy Nuance Communications, a pioneering voice-recognition tech company, in an all-cash transaction valued at $19.7 billion, inclusive of Nuance’s net debt.It would be the second-biggest acquisition for Microsoft behind its $26 billion deal for Linkedin in 2016.Microsoft expects the deal to close in calendar year 2021, subject to approval by Nuance’s shareholders, regulatory approvals and other closing conditions.Microsoft said Nuance CEO Mark Benjamin will remain head of the company, reporting to Scott Guthrie, Microsoft’s executive VP of cloud and AI.In the last few years, Nuance has focused on the healthcare and enterprise AI segments.
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