Microsoft To Acquire Voice Recognition Major Nuance Communications In Whopping $16 Billion Deal

In a major acquisition, Satya Nadella led Microsoft Corporation has announced that it will be buying speech recognition company Nuance Communications for a price of whopping $16 billion, reports CNBC.

Including the debt component, the deal is worth about $19 billion. This comes at a time when Microsoft Corporation is also said to be in talks to acquire chat application Discord at a tag of $10 billion. It should also be noted that just last month, Microsoft had completed its $7.6 billion acquisition of gaming company Zenimax.

Announcing the development, Nadella took to Twitter and said together with Nuance Communications, Microsoft Corporation will put advanced artificial intelligence solutions into the hands of professionals to drive better decision-making and to create more meaningful connections.