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Microsoft wins U.S. antitrust okay for $16 billion purchase of Nuance

Published 06/04/2021, 05:44 PM
Updated 06/04/2021, 05:45 PM
© Reuters. FILE PHOTO: A Microsoft logo is seen on an office building in New York City, U.S. on July 28, 2015. REUTERS/Mike Segar
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WASHINGTON (Reuters) - Microsoft Corp (NASDAQ:MSFT) has won U.S. antitrust approval for its deal to buy artificial intelligence and speech technology company Nuance Communications (NASDAQ:NUAN) Inc, according to a filing made by Nuance to the government.

The $16 billion deal, which was announced in April, came after the companies partnered in 2019 to automate healthcare administrative work, such as documentation.

Nuance said in a filing to the U.S. Securities and Exchange Commission on Friday that the deadline for the U.S. government to object to the deal had expired on June 1.

© Reuters. FILE PHOTO: A Microsoft logo is seen on an office building in New York City, U.S. on July 28, 2015. REUTERS/Mike Segar

That expiration "satisfies one of the conditions to the closing of the merger," the company said in the filing.

A spokesperson for Microsoft said in a statement that the deal was undergoing regulatory reviews in other jurisdictions and was intended to close at the end of 2021.

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