Microsoft shares battle in dialog It could actually purchase health-focused AI firm Nuance

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From Dhirendra Tripathi – Microsoft (NASDAQ 🙂 stocks were a little negative on reports that the software giant is on the verge of buying healthcare-focused AI company Nuance (NASDAQ 🙂 for about $ 16 billion take. That would make it the company's second largest acquisition after LinkedIn, $ 26 billion.

Bloomberg said the deal could be announced today. According to the report, Microsoft could value Nuance at $ 56 per share, a 23% premium over Nuance's closing price of $ 45.58 on Friday.

Nuance, the name behind the technology used in Apple's Siri, has a market capitalization of nearly $ 13 billion.

Microsoft has been working with Nuance for two years on AI software that doctors can use to capture patient discussions and integrate them into electronic patient records. Using the company's voice technology products, this data is then integrated into Microsoft Teams' chat app for telemedicine appointments.

For the quarter ended December, Nuance posted sales of $ 345.8 million, down 4.3% from $ 361.5 million for the same period last year. Net income decreased more than one sixth from $ 43.6 million to $ 7 million.

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