According to Microsoft’s blog post, the transaction has been approved by the Board of Directors of both companies and is expected to close by the end of the year.
Nuance Communications is a company everyone has heard from but not many have heard of. The company’s technology powers Apple’s Siri voice assistant alongside various communications for healthcare and enterprise organizations. In 2014, it was rumored that Samsung might be interested in purchasing Nuance, but that deal never came to fruition. Now, tech-giant Microsoft has announced a plan to purchase Nuance for a hefty $19.7 billion, including debts, to focus on the healthcare industry.
