Microsoft Expects $19.7B Nuance Buy to Close by End of 2021

Microsoft expects its all-cash deal to buy Nuance Communications for $19.7 billion to close by year's end, said Microsoft Chief Financial Officer Amy Hood on an investor webinar Monday. “Coming out the pandemic, we’re experiencing digital transformation on a scale never seen before,” said Microsoft CEO Satya Nadella. “This is driving lasting structural change and accelerating digital transformation driven by industry-specific cloud solutions.” Nuance is building “the next-generation omnichannel customer engagement cloud service at a time when every business is reimagining how it interacts with customers,” said Nadella. He and other Microsoft and Nuance executives took no questions.