Microsoft poised to gain firm hold in Artificial Intelligence via important acquisition

Washington, April 11 2021: A source close to the case has revealed that Microsoft may be negotiating its second most important deal to date. The company appears all set to buy specialist Artificial Intelligence group, Nuance Communications.

The companies are at present engaged in an advanced stage of discussions and an announcement is imminent. Sources quote the deal being with $16billion and that Microsoft made an initial offer of $56 per share in Nuance which is a premium compared to actual closing price of the stock as of Friday evening.

If the deal goes through, this would be the second-most important acquisition for Microsoft after its $27 billion purchase of LinkedIn back in 2016. Nuance Communications provides artificial intelligence solutions and services in healthcare and business. The company works with organizations in health, financial services, telecommunications, government and retail.

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