The European Fee gave unconditional approval to Microsoft’s pending acquisition of speech expertise firm Nuance Communications for $19.7 billion in money, clearing the best way for the second-largest acquisition in Microsoft historical past.
“Primarily based on its market investigation, the Fee discovered that the transaction, as notified, wouldn’t considerably scale back competitors within the transcription software program, cloud companies, enterprise communication companies, buyer relationship administration, productiveness software program and PC working methods markets,” EU regulators mentioned in a statement announcing the decision.
U.S. antitrust regulators previously approved the deal. Primarily based on the timeline given by Microsoft in its most recent quarterly filing, the acquisition is anticipated to shut by the top of this month or early subsequent 12 months.
Microsoft is buying Nuance to extend its reach into healthcare and other industries. The acquisition value of $19.6 billion consists of the belief of debt.
The largest acquisition in Microsoft’s history stays its $26.2 billion deal for LinkedIn. The biggest acquisition the corporate didn’t full was its unsolicited $50 billion hostile takeover bid for Yahoo in 2008.