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Mergers and acquisitions are an important element of strategy and innovation. Please  read the news from April 2021 that Microsoft is acquiring a company called Nuance for a whopping $16 billion. Not only is this a large sum of money by itself, it is 23% over and above the current market capitalization of Nuance, indicating that Microsoft is very eager to have Nuance in its stable. Please read about the acquisition, you can start here.