Microsoft’s $19.7 Billion Acquisition of Nuance

Simpson Thacher represented Microsoft Corporation, while Paul, Weiss represented Nuance Communications in the transaction. Kirkland & Ellis advised Evercore as financial advisor to Nuance Communications.

Microsoft Corporation (NASDAQ: MSFT) executed its announced acquisition of Nuance Communications, Inc. (NASDAQ: NUAN) for $56 per share of Nuance stock, in an all-cash transaction valued at $19.7 billion, inclusive of Nuance’s net debt. The transaction is intended to close this calendar year and is subject to satisfaction of customary closing conditions, including regulatory approvals.

Nuance is a trusted cloud and AI software leader representing decades of accumulated healthcare and enterprise AI experience, and is a leading provider of conversational AI and cloud-based ambient clinical intelligence for healthcare providers.

Microsoft Corporation is an American multinational technology company with headquarters in Redmond, Washington. It develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. 

The Simpson Thacher team advising Microsoft included Alan Klein (Picture), Anthony Vernace, William Allen, Nicholas J. Marricco and Malik Ladhani (M&A); Lori Lesser, Vanessa Burrows, Corina McIntyre and Samuel Watters (IP/Privacy); Greg Grogan, Patricia Adams and Jake Phillips (Executive Compensation and Employee Benefits); Jonathan Goldstein and Eli Shalam (Tax); William Brentani (Capital Markets); and Krista McManus and Stephanie Brenner (Real Estate).

The Paul, Weiss team was led by partners Scott Barshay, Rachael Coffey, Jean McLoughlin and Steven Williams, and includes corporate partners Caith Kushner and John Kennedy, and counsel David Sobel, Sophia Gui and Jason Tyler; executive compensation counsel Ron Aizen, Nicole Tark and Cynthia Akard; antitrust partner Charles Rule; litigation partner Jeannie Rhee and counsel Daniel Howley, Steven Herzog and Rachel Fiorill; intellectual property partner Jonathan Ashtor; tax partners Jeffrey Samuels and Patrick Karsnitz, and counsel Alyssa Wolpin; real estate partner Salvatore Gogliormella; antitrust counsel Marta Kelly; and environmental counsel William O’Brien.

Kirkland & Ellis advised Evercore with a team led by corporate partners Michael Brueck, Joshua Ayal and Daniel Wolf.  

Involved fees earner: Michael Brueck – Kirkland & Ellis; Daniel Wolf – Kirkland & Ellis; Ron Aizen – Paul Weiss Rifkind Wharton & Garrison; Cynthia Akard – Paul Weiss Rifkind Wharton & Garrison; Jonathan Ashtor – Paul Weiss Rifkind Wharton & Garrison; Scott Barshay – Paul Weiss Rifkind Wharton & Garrison; Rachael Coffey – Paul Weiss Rifkind Wharton & Garrison; Rachel Fiorill – Paul Weiss Rifkind Wharton & Garrison; Salvatore Gogliormella – Paul Weiss Rifkind Wharton & Garrison; Xuan Gui – Paul Weiss Rifkind Wharton & Garrison; Steven Herzog – Paul Weiss Rifkind Wharton & Garrison; Daniel Howley – Paul Weiss Rifkind Wharton & Garrison; Patrick Karsnitz – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; John Kennedy – Paul Weiss Rifkind Wharton & Garrison; Caith Kushner – Paul Weiss Rifkind Wharton & Garrison; Jean McLoughlin – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison; Jeannie Rhee – Paul Weiss Rifkind Wharton & Garrison; Charles Rule – Paul Weiss Rifkind Wharton & Garrison; Jeffrey Samuels – Paul Weiss Rifkind Wharton & Garrison; David Sobel – Paul Weiss Rifkind Wharton & Garrison; Nicole Tark – Paul Weiss Rifkind Wharton & Garrison; Jason Tyler – Paul Weiss Rifkind Wharton & Garrison; Steven Williams – Paul Weiss Rifkind Wharton & Garrison; Alyssa Wolpin – Paul Weiss Rifkind Wharton & Garrison; Patricia Adams – Simpson Thacher & Bartlett; William Allen – Simpson Thacher & Bartlett; Stephanie Brenner – Simpson Thacher & Bartlett; William Brentani – Simpson Thacher & Bartlett; Vanessa Burrows – Simpson Thacher & Bartlett; Jonathan Goldstein – Simpson Thacher & Bartlett; Gregory Grogan – Simpson Thacher & Bartlett; Alan Klein – Simpson Thacher & Bartlett; Malik Ladhani – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Nicholas Marricco – Simpson Thacher & Bartlett; Corina McIntyre – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Jacob Phillips – Simpson Thacher & Bartlett; Eli Shalam – Simpson Thacher & Bartlett; Anthony Vernace – Simpson Thacher & Bartlett; Samuel Watters – Simpson Thacher & Bartlett;

Law Firms: Kirkland & Ellis; Paul Weiss Rifkind Wharton & Garrison; Simpson Thacher & Bartlett;

Clients: Evercore Inc.; Microsoft; Nuance Communications Inc.;

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Martina Bellini

Author: Martina Bellini