Microsoft Wins EU Approval For Nuance Takeover

Microsoft Corp MSFT won the unconditional antitrust European Commission approval for the proposed acquisition of transcription software company Nuance Communications Inc NUAN.
The regulator concluded that the transaction would raise no competition concerns in the European Economic Area.
Related Content: Microsoft Confirms Nuance Communications Acquisition For $19.7B
Microsoft has already won regulatory approval in the U.S. and Australia.
The EC concluded that the transaction would not significantly reduce competition in the transcription software, cloud services, enterprise communication services, customer relationship management, productivity software, and PC operating systems markets.
Price Action: MSFT shares traded higher by 2.24% at $327.07, while NUAN is up 0.38% at $55.20 on the last check Tuesday.