Technology

Microsoft closes on $16 billion acquisition of Nuance

Microsoft closes on $16 billion acquisition of Nuance

Microsoft has closed on its approximately $16 billion acquisition of speech recognition company Nuance. The deal, which was announced last year, helps Microsoft Corp get more entrenched into hospitals and the health care industry through Nuance’s widely used medical dictation and transcription tools. The acquisition is Microsoft’s second-largest after its $26 billion purchase of career networking service LinkedIn in 2016.

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