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NUAN Nuance Communications Inc

55.99
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Nuance Communications Inc NASDAQ:NUAN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 55.99 56.00 56.00 0 01:00:00

UK Watchdog Clears Microsoft Planned Acquisition of Nuance Communications

02/03/2022 10:00am

Dow Jones News


Nuance Communications (NASDAQ:NUAN)
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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.

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