Monday, September 22, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Artificial Intelligence

Microsoft will pay $19.7 billion for AI firm Nuance, making it the company’s second-largest acquisition after the $26 billion purchase of LinkedIn

Tech Gist Africa by Tech Gist Africa
04/13/2021
in Artificial Intelligence, Biotech, Healthcare, Investments, Sustainability, The Big 5, World News
0 0
0
Microsoft

Microsoft

0
SHARES
Share on FacebookShare on Twitter

Microsoft announced in a blog post that it has agreed to buy Nuance Communications, an AI and speech-recognition company, for $19.7 billion.

Microsoft will use the deal to offer “new cloud and AI technologies across healthcare and other sectors, as it extends cloud solutions for healthcare customers.” According to the firm.

“With this purchase, our innovations will be fully integrated into the physician-patient loop, which is at the heart of all healthcare delivery.

Microsoft CEO Satya Nadella said, “The acquisition will also strengthen our leadership in cross-industry enterprise AI and biometric security.”

Microsoft’s bid of $56 per share represents a 22.86 percent premium over Nuance’s Friday closing price. On Monday, the stock rose 16 percent to $52.85 per share.

Nuance, the company best known for pioneering speech technology and assisting in the launch of Apple Inc’s virtual assistant, Siri, has undergone strategic reviews led by CEO Mark Benjamin.

Nuance announced $1.5 billion in revenue in fiscal year 2020, with two-thirds of it coming from healthcare. The company has operations in 28 countries.

Nuance will be Microsoft’s second-largest acquisition since its $26.2 billion purchase of LinkedIn in 2016. The all-cash deal is estimated at $19.7 billion, including net debt.

Benjamin will continue to lead Nuance and report to Scott Guthrie, Microsoft’s executive vice president of cloud and AI, according to the company.

The partnership between Nuance and Microsoft began in 2019 with the aim of automating clinical administrative tasks such as documentation. It demonstrates Microsoft’s desire to broaden its leadership in an industry where digital transformation has accelerated as a result of the pandemic. Healthcare organizations have increased their technological investments in order to maximize sustainability and digital health services.

Read More on Tech Gist Africa:

Apple purchases a company, Every three to four weeks

Microsoft is backing Cruise, self-driving car manufacturer, with a $2 billion investment.

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Apple iPhone 17
Gadgets

Apple’s “Awe-Dropping” Event: iPhone 17 Lineup, Ultra-Slim Air, New Watches + More Unveiled

by Tech Gist Africa
09/15/2025
0

At its latest hardware event on September 9, 2025, Apple pulled back the curtain on a suite of new devices...

Read more
Larry Ellison

Oracle’s Larry Ellison Overtakes Elon Musk After $101B One-Day Surge to Become World’s Richest

09/11/2025
Gitex Nigeria 2025

Nigeria’s Digital Moment: Key Takeaways from GITEX Nigeria 2025

09/11/2025
Alibaba China

Alibaba Group Holding announced plans to raise about US$3.2 billion

09/11/2025
Regulatory Tech Africa

EU Court Tells Regulators: Rethink How You Charge Big Tech, Meta & TikTok Win Key Ruling

09/11/2025
Next Post
Strathmore University Kenya Blockchain

Strathmore University has partnered with Ukraine's 482.solutions to train Kenyan students in the development of blockchain solutions

Africa development bank AFDB Tech Gist Africa

450 global partners and suppliers attend the African Development Bank's first virtual business opportunities seminar 2021

Apple TV

According to reports, Apple is working on an Apple TV with a built-in camera and speaker

No Result
View All Result

The Big 5

Gitex Nigeria 2025

Nigeria’s Digital Moment: Key Takeaways from GITEX Nigeria 2025

by Tech Gist Africa
09/11/2025
0

...

Itana Nigeria

Itana Opens Applications for Digital Residency Launchpad

by Tech Gist Africa
09/11/2025
0

...

Africa’s Business Heroes 2025

Africa’s Business Heroes Names 20 Finalists for $1.5M 2025 Prize

by Tech Gist Africa
09/11/2025
0

...

Innovation Process

Djezzy Launches Open Innovation Challenge 2025 to Drive Inclusive Digital Transformation in Algeria

by Tech Gist Africa
09/11/2025
0

...

Temidayo Isaiah Oniosun Nigeria

Temidayo Oniosun Launches Nigeria’s First Egusi Seeds to Space

by Tech Gist Africa
09/11/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.