STAT+: Microsoft to buy Nuance Communications for $19.7 billion

Microsoft announced on Monday that it has agreed to acquire Burlington-based artificial intelligence and technology company Nuance Communications in an all-cash deal valued at $19.7 billion, including Nuance’s net debt.

Microsoft said the deal represents its push into industry-specific cloud offerings, such as its software for health care providers, which it introduced last year. The deal is Microsoft’s second-largest acquisition, behind its purchase of LinkedIn, the professional networking platform it bought in 2016 in a deal worth more than $26 billion.

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STAT+: Microsoft to buy Nuance Communications for $19.7 billion

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