 "British antitrust regulators to probe Microsoft's $16-billion Nuance deal")
British antitrust regulators are opening an investigation into Microsoft's $16 billion acquisition of speech recognition company Nuance in the latest sign they're tightening scrutiny of big technology deals.
The Competition and Markets Authority said in a brief statement Monday that it's looking into the purchase because of concerns that it could result in a "substantial lessening of competition" in the UK market.
Redmond, Washington-based Microsoft Corp, declined to comment. The company said in April that it was buying Nuance Communications Inc, a pioneer in voice-based AI technology. Nuance was instrumental in helping power Apple's Siri but later shifted to focus on health care.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%