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Egyptian Gazette
Home Technology

UK antitrust watchdog investigates Microsoft’s Nuance deal

by News Wires
December 13, 2021
in Technology
UK antitrust watchdog investigates Microsoft’s Nuance deal 1 - Egyptian Gazette
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LONDON  — British antitrust regulators are opening an investigation into Microsoft’s $16 billion acquisition of speech recognition company Nuance in the latest sign they’re tightening scrutiny of big technology deals.

 

The Competition and Markets Authority said in a brief statement Monday that it’s looking into the purchase because of concerns that it could result in a “substantial lessening of competition” in the U.K. market.

 

Redmond, Washington-based Microsoft Corp. said in April that it was buying Nuance Communications Inc., a pioneer in voice-based artificial intelligence technology. Nuance was instrumental in helping power Apple’s digital assistant Siri but later shifted to focus on health care with widely used medical dictation and transcription tools.

 

The transaction, which was expected to close this year, would be Microsoft’s second-largest deal, following the software giant’s $26 billion purchase of LinkedIn in 2016. Burlington, Massachusetts-based Nuance has about 7,100 employees, more than half of whom are outside the U.S.
Tags: antitrustMicrosoftNuanceUK

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