(Reuters) – Microsoft Corp said on Monday that it will buy Nuance Communications Inc in a $19.7 billion deal, as it looks to bolster its suite of enterprise applications with the artificial intelligence firm’s advanced speech technology.
Microsoft’s offer price of $56 per share is at a premium of 22.86% to Nuance’s last close of $45.58.
Reporting by Chavi Mehta in Bengaluru; Editing by Aditya Soni
