Tech Update: Microsoft’s $16-Billion Bid for Nuance Gets EU Antitrust Approval
The European Commission on Tuesday granted Microsoft unconditional antitrust approval for its $16 billion (roughly Rs. 1,20,525 crore) bid for artificial intelligence and speech technology company Nuance Communications.
The deal is Microsoft’s second biggest after its $26.2 billion (roughly Rs. 1,98,070 crore) LinkedIn purchase in 2016 and would boost its presence in cloud services for healthcare.
It has already regulatory approval in the United States and Australia, and Reuters reported earlier this month it was set to receive EU approval.
