The European Commission has approved Microsoft’s $19.7 billion bid to acquire Nuance Communications. The regulator said Tuesday that the proposed acquisition “would not raise competition concerns” within the European Union. Analyzing the bid revealed that “Microsoft and Nuance offer very different products.” In addition, it believes that the company will continue to face “strong” competition from other companies in the future.
Before today, the US and Australia had both signed the purchase, but it’s not a foregone conclusion. On December 13, the UK Competition and Markets Authority said it would investigate the transaction. With the regulator accepting public comments until January 10, 2022, the deal is unlikely to close by the end of 2021, as Microsoft had said when it first announced its intention to buy Nuance.
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