Microsoft Buys Conversational AI Leader Nuance for $19.7 Billion

Microsoft announced a deal to buy speech recognition expert Nuance for $19.7 billion, an impressive 13x revenue and 23% above the closing stock price on Friday.  Microsoft described the deal in terms of expanding its position in the healthcare industry, where Nuance is especially strong.  Marketers will note there are plenty of other applications for what Nuance does.