Shots:

• Microsoft to acquire all outstanding shares of Nuance for $56.00/ share- making a total deal value of $19.7B in cash with a premium of 23% to Nuance closing price on Apr 09- including its net debt. The transaction is expected to close in 2021
• The acquisition builds on Microsoft’s efforts to deliver new cloud and AI capabilities across healthcare and other industries
• Nuance will deliver AI expertise & customer engagement solutions across IVR- virtual assistants- digital and biometric solutions to companies around the globe. The expertise will integrate with Microsoft’s cloud- including Azure- Teams- and Dynamics 365- to deliver next-generation customer engagement & security solutions

  Ref: Microsoft | Image: Loop Jamaica