UK Watchdog Clears Microsoft Planned Acquisition of Nuance Communications
March 02 2022 - 5:00AM
Dow Jones News
By Ian Walker
The U.K. Competition and Markets Authority said Wednesday that
it won't be referring Microsoft Corp.'s planned acquisition of
Nuance Communications Inc. for a further Phase 2 review.
The regulator said on Jan. 12 that it had started a formal
investigation into the deal to see whether it would lessen
competition within U.K. markets.
On Dec. 21 the European Union's antitrust authority
unconditionally approved the deal, saying that it wouldn't
significantly reduce competition and wouldn't raise any
concerns.
The U.S. software giant said in April that it struck a deal to
buy transcription-technology company Nuance, valued at $19.7
billion including Nuance's net debt, in a bet on the growing demand
for digital tools within healthcare.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
March 02, 2022 04:45 ET (09:45 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Nuance Communications (NASDAQ:NUAN)
Historical Stock Chart
From Nov 2024 to Dec 2024
Nuance Communications (NASDAQ:NUAN)
Historical Stock Chart
From Dec 2023 to Dec 2024
