Nuance
Microsoft and Nuance Communications 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 Nuance’s net debt.
Bill Gates
Microsoft co-founder Bill Gates has stepped down from the company's board of directors to devote more time to his philanthropic projects. Gates will continue to serve as technology adviser to CEO Satya Nadella and others.