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8th December 2021, 08:03 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 153,514
| EU watchdog concerned about Microsoft's Nuance deal Customers and rivals asked for their views EU's antitrust regulator looking at software King of the World Microsoft's $16 billion deal for transcription technology company Nuance Communications Inc (NUAN.O), asking customers and competitors to draw up a list of concerns. The companies announced the acquisition in April and the EU's questionnaire was sent out a month ago. It is odd as the US Department of Justice rubber stamped the deal in June and the Australian Competition Commission in October said they would not contest it. The companies filed for approval from the European Commission's competition bureau last month, and the regulator has until 21 December to clear the deal or open a bigger investigation. The companies had expected to close the deal by the end of this year but said last month the timeline could slip to early next year. The questionnaire asks whether Microsoft and Nuance are competitors and whether a tie-up could affect clients and rivals, including whether Microsoft could favour Nuance over competing services. Nuance primarily sells transcription technology that is popular among doctors and call centers that want to automate note-talking. Analysts view the deal as bolstering Microsoft's presence in the healthcare market and bringing it new voice and medical data to train artificial intelligence offerings in health, speech and biometric security. https://fudzilla.com/news/54006-eu-w...-s-nuance-deal |
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