Microsoft Prepares To Win Unconditional EU Approval For Nuance Deal
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- U.S. software giant Microsoft Corp (NASDAQ:MSFT) aims to secure unconditional EU antitrust approval for its $16 billion bid for artificial intelligence and speech technology firm Nuance Communications Inc (NASDAQ:NUAN), Reuters reports.
- The deal, Microsoft's second-biggest after its $26.2 billion buy of LinkedIn in 2016, follows heightened antitrust regulatory scrutiny.
- Microsoft said the deal would boost its cloud solutions presence for healthcare customers in a sector facilitated by the pandemic.
- Nuance, known for pioneering speech technology and helping launch Apple Inc's (NASDAQ:AAPL) virtual assistant, Siri, serves 77% of U.S. hospitals.
- The deal scooped regulatory approval in the U.S. and Australia.
- Related Content: What The Antitrust Crackdown Means For Apple And Microsoft Stock
- Price Action: MSFT shares traded higher by 1.8% at $339.09 on the last check Friday.