Author: Jane Edwards|| Date Published: June 8, 2021
Microsoft (Nasdaq: MSFT) received U.S. antitrust approval to proceed with its proposed acquisition of Nuance Communications (Nasdaq: NUAN), a Burlington, Massachusetts-based artificial intelligence and speech recognition company, Reuters reported Friday.
The deadline for the U.S. government to oppose the transaction expired on June 1 and the expiration of that waiting period “satisfies one of the conditions to the closing of the merger,” Nuance said Friday in its Securities and Exchange Commission filing.
A spokesperson for Microsoft said the transaction is now being reviewed by regulators in other jurisdictions and is expected to conclude at the end of calendar year 2021.
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