The EU has approved Microsoft’s $19.7 billion Nuance acquisition.

The EU has approved Microsoft’s $19.7 billion Nuance acquisition.

Microsoft’s $19.7 billion purchase for Nuance Communications has been authorized by the European Commission. The European Commission said on Tuesday that the proposed merger “would not raise any competition concerns” within the EU. It discovered that “Microsoft and Nuance offer quite distinct products” after studying the bid. Furthermore, it predicts that the company will continue to face “vigorous” competition in the future.

The US and Australia had both approved off on the transaction before today, but it is still not finalized. The UK’s Competition and Markets Authority announced on December 13th that it would probe the acquisition. With the government collecting public opinions until January 10th, 2022, the acquisition is unlikely to finalize by the end of 2021, as Microsoft had promised when it first revealed its desire to buy Nuance.

Source: https://www.engadget.com/eu-approves-microsoft-naunce-acquisition-210024495.html

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