
Microsoft just made a $20 billion bet on the future of computing
Microsoft announced plans on Monday to buy Nuance in a $19.7 billion all-cash transaction which includes the company’s debt. Microsoft paid $56 per share, a 23% premium over Friday’s close, the company said. The deal should be finalized by the end of the calendar year, subject to the approval of regulators and Nuance’s shareholders. Nuance …