The European Commission has approved a $ 19.7 billion deal to buy Nuance Communications from Microsoft. According to the regulator, the proposed acquisition “will not cause problems with competition” in the European Union. When analyzing a proposal it was found that “Microsoft and Nuance offer very different products.” Moreover, the antitrust authority believes that Microsoft will continue to face “strong” competition from other firms in the future.
Earlier purchase approved by the relevant US structures and Australia, but the deal cannot be completed yet. This requires permission from the UK Competition and Markets Authority. British anti-monopoly officials said they are studying the deal, December 13th. Since the period for which the regulator is accepting public comments on the deal ends on January 10, 2022, it is unlikely that the deal will close this year, as Microsoft hoped. announcing intent to buy Nuance.