Advertisement

Cloud News

The Microsoft-Nuance Deal: 5 Big Things To Know

Mark Haranas

From product integration plans to the history between the two software companies, here are five big things to know about Microsoft’s $19.7 billion acquisition of Nuance.

Deal Details

Microsoft is officially buying Nuance for $56 per share, implying a 23 percent premium to the closing price of Nuance on April 9, in a transaction valued at $19.7 billion.

Microsoft plans to close on the Nuance deal by the end of 2021. Both companies did not specify if the deal is projected to close in the first or second half of this year.

Nuance stock jumped 16 percent today and is trading at $53.20 per share. Microsoft’s stock is up 1 percent on Monday afternoon at $256.92 per share.

Benjamin will remain CEO of Nuance and will report to Scott Guthrie, executive vice president of Cloud & AI at Microsoft, once the deal closes. “Together, Nuance and Microsoft will be well positioned to seize the significant opportunity to help transform healthcare delivery to create a more sustainable future, applying the latest advances in AI and cloud technologies to enable more personal, affordable, effective, and accessible care,” said Benjamin.

 

 

 

 
Mark Haranas

Mark Haranas is an assistant news editor and longtime journalist now covering cloud, multicloud, software, SaaS and channel partners at CRN. He speaks with world-renown CEOs and IT experts as well as covering breaking news and live events while also managing several CRN reporters. He can be reached at mharanas@thechannelcompany.com.

Advertisement
Advertisement
Sponsored Post
Advertisement
Advertisement