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British competition watchdog examines Microsoft’s Nuance acquisition – Microsoft’s share rises

Microsoft’s planned takeover of the US software company Nuance Communications Inc is under review by the UK competition watchdog.

As the UK Competition and Markets Authority (CMA) announced, it has opened a formal investigation to determine whether the merger would affect competition in the UK markets. The antitrust authorities have set themselves a deadline of March 9th for the decision after the first examination phase. The CMA initiated an initial review in December.

On December 21, the European Union’s competition authority approved the merger unconditionally on the grounds that it would not significantly restrict competition and would not give cause for concern.

Microsoft announced in April that it would acquire Nuance, a Burlington, Massachusetts-based transcription technology company for $ 19.7 billion, including net debt. The group is thus relying on the growing demand for digital applications in the healthcare sector.

Microsoft’s stock rose at times on the NASDAQ by 1.30 percent to 319.06 US dollars.

Von Ian Walker

LONDON (Dow Jones)

Image source: Ken Wolter / Shutterstock.com, Canadapanda / Shutterstock.com, iStock / jhutchin

Reference-www.finanzen.at

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