Microsoft wins U.S. antitrust okay for $16 bln purchase of Nuance
According to a filing issued to the government by Nuance Communications Inc, Microsoft Corp has received antitrust approval for its proposal to buy artificial intelligence and speech technology business Nuance Communications Inc.
The $16 billion transaction was revealed in April after the two businesses collaborated in 2019 to automate healthcare administrative tasks like documentation.
Nuance said in a filing to the U.S. Securities and Exchange Commission on Friday that the deadline for the U.S. government to object to the deal had expired on June 1.
That expiration “satisfies one of the conditions to the closing of the merger,” the company said in the filing.
A spokesperson for Microsoft said in a statement that the deal was undergoing regulatory reviews in other jurisdictions and was intended to close at the end of 2021.