 REDMOND, Wash., and BURLINGTON, Mass., April 12, 2021 PRNewswire -- Microsoft Corp Nasdaq: MSFT and Nuance Communications, Inc. Nasdaq: NUAN today announced they have entered into a definitive agreement under which Microsoft will acquire Nuance for 56.00 per share, implying a 23 premium to the closing price of Nuance on Friday, April 9, in an all-cash transaction valued at 19.7 billion, inclusive of Nuances net debt. Nuance is a trusted cloud and AI software leader representing decades of accumulated healthcare and enterprise AI experience. Mark Benjamin will remain CEO of Nuance, reporting to Scott Guthrie, executive vice president of Cloud AI at Microsoft. The transaction is intended to close this calendar year. 