Microsoft, Nuance CEOs on $16B deal, cloud strategy, health-care AI solutions and more

Microsoft announced Monday that it will buy speech recognition company Nuance Communications for $56 per share, about 23% above its closing price Friday. The deal is worth about $16 billion and about $19 billion including debt. Nuance would be aligned with the part of Microsoft’s business that serves businesses and governments. Microsoft CEO Satya Nadella and Nuance CEO Mark Benjamin joined "Squawk on the Street" to discuss the deal.