Probe Into Microsoft Acquisition of Nuance Communications Launched by UK Antitrust Watchdog
January 12 2022 - 3:57AM
Dow Jones News
By Ian Walker
The U.K. Competition and Markets Authority said Wednesday that
it has started a formal investigation into Microsoft Corp.'s
planned acquisition of Nuance Communications Inc. to determine
whether the merger would lessen competition within U.K.
markets.
The regulator said it has set a deadline of March 9 for its
phase one decision into the deal. It launched an initial review in
December.
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
January 12, 2022 03:42 ET (08:42 GMT)
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