Microsoft to buy Nuance Communications for 19.7 billion dollars
Redmond (dpa-AFX) – Microsoft corp. agreed to buy speech-recognition company Nuance Communications Inc. for 56.00 dollars per share in cash, valuing the company at 19.7 billion dollars, including net debt. The deal price represents a 23-per-cent premium to the closing price of Nuance on Friday, April 9. Microsoft noted that Mark Benjamin will remain chief…
