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Saturday, 5 June 2021

Microsoft wins US antitrust approval for $16bn purchase of Nuance

Microsoft has won US antitrust approval for its deal to buy artificial intelligence and speech technology company Nuance Communications, 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.  China delivers on threats to rein in internet economy Nuance said in a filing to the US Securities and Exchange Commission on Friday that the deadline for the US government to object to the deal had expired on June 1. Starlink satellite internet service gets 500,000 preorders, says Musk 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.

from Latest Technology News, Tech News Pakistan | eTribune https://ift.tt/3ckRMP4

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