The European Fee on Tuesday granted Microsoft unconditional antitrust approval for its $16 billion (roughly Rs. 1,20,525 crore) bid for synthetic intelligence and speech know-how firm Nuance Communications.
It has already regulatory approval in america and Australia, and Reuters reported earlier this month it was set to obtain EU approval.
The Fee stated its investigation into the deal had concluded that it might not considerably scale back competitors in markets for transcription software program, cloud companies, enterprise communication companies, PC working programs, and different merchandise.
“The proposed transaction would elevate no competitors issues on any of the markets examined within the European Financial Space,” the Fee stated.
The Fee stated it had examined points together with the overlap between Microsoft and Nuance’s transcription software program actions, and located that they provided “very completely different merchandise” that, when mixed, would proceed to face robust competitors from different gamers.
Tech corporations have ramped up acquisitions of AI-focused companies as extra combine this know-how into their services.
© Thomson Reuters 2021