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UK regulator to look at Microsoft takeover bid for AI firm Nuance
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The UK competition regulator has opened an investigation into Microsoft’s proposed $16bn takeover of Nuance, the artificial intelligence and speech recognition firm best known for its work on Apple’s virtual assistant Siri, in its latest move to scrutinise the impact of deals struck by big tech.
The move by the Competition and Markets Authority (CMA) comes weeks after it ordered Facebook parent company Meta to sell the gif creation website Giphy, the first time the regulator has moved to block a deal struck by a major Silicon Valley company.
Microsoft moved to buyMassachusetts-based Nuance, which has a stock market value of almost $18bn, in April to build up its cloud computing operation for healthcare and business customers.
Nuance says that
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