2021-07-14T150412Z_2_LYNXMPEH6D0WN_RTROPTP_4_MICROSOFT-PENTAGON-JEDI-scaled.jpg

Reuters exclusively reports Microsoft’s $16 billion Nuance bid set for EU antitrust approval; market reacts


Technology

On Friday, Reuters exclusively reported that Microsoft is set to secure unconditional EU antitrust approval for its $16 billion bid for artificial intelligence and speech technology company Nuance Communications. The latest tech deal, Microsoft’s second-biggest after its $26.2 billion LinkedIn purchase in 2016, follows heightened regulatory scrutiny of “killer acquisitions” whereby tech giants buy and shut down nascent start-ups and potential rivals.

Market Impact

Shares of Microsoft were up 2.2% in mid-trade.

Article Tags

Topics of Interest: Technology

Type: Reuters Best

Sectors: EquitiesTechnology

Regions: Europe

Countries: England

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story



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