Microsoft has closed its $19.7 billion takeover of speech-tech firm Nuance Communications. It introduced the acquisition final April and cleared the ultimate regulatory barrier this week when the UK’s Competition and Markets Authority signed off on the deal. Regulators within the EU, US and Australia rubber stamped the buyout final yr.
Mark Benjamin will stay as Nuance CEO, although he now reviews to Microsoft Cloud and AI govt vice chairman Scott Guthrie. The duo wrote in a blog post that Microsoft and Nuance will construct on “AI, digital and cloud advancements to create solutions that transform how we – as global citizens – work, shop, bank, engage and receive care.” Healthcare can be a significant focus of their work.
Microsoft has one other large deal within the works: its proposed $68.7 billion takeover of Activision Blizzard. It expects the deal to be accomplished by mid-2023 if regulators give the thumbs up.
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