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Microsoft to acquire Nuance Communications for $16 billion

Wall Street Journal has reported that after spending about $26 billion for professional network LinkedIn Corp. in 2016, Microsoft Corp. has agreed to acquire speech-recognition firm Nuance Communications Inc. for $16 billion.

Nuance is an American multinational computer software technology corporation, headquartered in Burlington, Massachusetts, on the outskirts of Boston, that provides speech recognition, and artificial intelligence.