Microsoft has been a gigantic force in the tech industries for a long time. Its acquisitions have taken a further step forward over the past four years. Topping the charts, it is now looking to acquire speech-recognition company Nuance Communications in a $16 billion deal.
Microsoft has been willing to count on Nuance since early December, by submitting its preliminary offer at $56 per share. The agreement would have given Nuance an equity value of $16 billion, representing a 23% premium over the stock’s Friday closing price of $45.58 per share. However, the rumors were not certified by the officials of both the organizations, which got us thinking that the unraveling might be around the corner.
The acquisition of Nuance could expand Microsoft prowess of invoice software. already has a transcribing speech application in place so that the developers can use it to transcribe voices into written words. It incorporates speech recognition into its own products, such as the Bing search engine and the Teams Communication App. It could be a huge step up from the existing applications as Nuance would evolve the working efficiently and derive more revenues and better results.