Nuance to Acquire eScription for $363 Million
Nuance Communications announced this morning that it will acquire transcription technology vendor eScription of Needham, MA for $363 million. Nuance says it will use eScription’s systems as part of its hosted solutions.
As part of the transcription, private equity firm Warburg Pincus will buy $100 million of Nuance stock and will acquire warrants allowing it to purchase an additional 3.7 million shares within four years at $20 per share.
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