Artificial Intelligence: Microsoft Eyeing Acquisition of Nuance Communications (Bloomberg)

Nuance is an AI and speech technology company.

Microsoft (NASDAQ: MSFT) may buy Nuance Communication (NASDAQ: NUAN) at a valuation of $56 per share, according to Bloomberg, which cited unnamed people who were familiar with the matter. The price represents a premium of 23% over the Friday closing of Nuance of $45.58.

The talks, though in an advanced stage, could still break down without a deal being reached. At the said price, NUAN would be valued at $16 billion.

However, negotiations may also be successful and an announcement could be made as early as this week.

NUAN is a leader in conversational AI applied in healthcare, customer engagement, security, and speech recognition productivity.


In September, Nuance and Microsoft announced the integration of an artificial intelligence-based clinical solution into Microsoft Teams to capture all details of clinical telemedicine via accurate documentation.

Physicians and doctors can activate the Nuance Dragon Ambient eXperience (DAX) directly from within their Microsoft Teams. The ambient clinical intelligence (ACI) solution securely captures the details of the virtual teleconsultation. It also creates clinical documentation that writes itself.

“Our strategic partnership with Microsoft, which led to this rapid integration of DAX with Microsoft Teams for telehealth, illustrates the ongoing importance of combining our technologies, domain expertise, and market reach,” said Diana Nole, executive vice president, and general manager of healthcare, Nuance, at the time.

There has been a dramatic rise in telehealth patient volumes since the onset of the pandemic.

Related Story:   Microsoft and Nuance Team Up For AI-Powered Telemedicine Consults

Image Source: Twitter                                                

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
FinTech: New Players In BNPL, And Down Under, Stocks Are Hammered
November 29, 2021     FinTech, News

Afterpay enters subscriptions market, Monzo’s Pay Later, Suncorp hops onto the BNPL bandwagon, and BNPL stocks get clobbered in Australia
Digital Assets: Grayscale’s Report Paints The Metaverse As The Next Emerging Market Investment Frontier
November 29, 2021     Digital Assets, News

A report issued by Grayscale Research, a unit of Grayscale Investments, the largest digital asset manager in the world, describes the Metaverse as a potential market opportunity worth over $1…
Artificial Intelligence: UNESCO Member States Adopt The First Ever Global Agreement On The Ethics Of Artificial Intelligence
November 29, 2021     Artificial Intelligence, News

The first ever global standard on the ethics of artificial intelligence (AI) was adopted by the member states of UNESCO at its General Conference on Tuesday. Audrey Azoulay, director-general of…
Venture Capital: Indian Fantasy Gaming Group Dream Sports Raises $840M
November 29, 2021     Latest News, News, Venture Capital

Dream Sports announced last week its raise of $840 million from investors led by Falcon Edge, DST Global, D1 Capital, Redbird Capital and Tiger Global, with the transaction valuing the…