Stsy
2021-04-12
Like and comment lol
Microsoft buys Nuance Communications in a $16 billion deal
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The deal is worth about $16 billion.It's the latest sign Microsoft is hunting for more growth through acquisitions. The company is also reportedly in talks tobuy the chat app Discord for about $10 billion. On top of that, Microsoft made aneffort to buy TikTok's U.S. business last year for about $30 billionbefore the deal was derailed.The Nuance acquisition represents Microsoft’s largest acquisition since it bought LinkedIn for more than $26 billion in 2016. Last month,Microsoft completed its $7.6 billion acquisition of gaming company Zenimax. Shares of Nuance were up nearly 23% in premarket trading Monday, representing approximately the same premium Microsoft plans to pay based on the closing price Friday. Trading was halted on the stock after that pop and are expected to resume trading around 9 a.m. ET.Nuance would be aligned with the part of Microsoft’s business that serves businesses and governments. 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