In this July 3, 2014, file photo, the Microsoft Corp. logo is displayed outside the Microsoft Visitor Center in Redmond, Wash. Microsoft will begin bringing workers back to its suburban Seattle global headquarters on March 29, 2021, as the tech giant starts to reopen more facilities it largely shuttered during the coronavirus pandemic. (AP Photo/Ted S. Warren, File)
NEW YORK (AP) — Microsoft, on an accelerated growth push, is buying speech recognition company Nuance in a deal worth about $16 billion including debt.
Microsoft will pay $56.00 per share.
Microsoft’s acquisition of Nuance comes after the companies formed a partnership in 2019.
The transaction is expected to close this year.
Before you consider Microsoft, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Microsoft wasn't on the list.
While Microsoft currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report