U.S. SEC nods for Microsoft’s acquisition of Nuance Communications
Microsoft started the process of acquisition of Nuance Communications in April and as per news source the SEC has not raised any objections to the deal proceeding. In a regulatory filing, Nuance mentions that the approval “satisfies one of the conditions to the closing of the merger.”
This approval does not mean that the deal has been closed as there are other agencies involved. Also, Microsoft has previously said they expect the deal to undergo regulatory reviews in other jurisdictions and was only intending to close at the end of 2021.
This ideal will fortify Microsoft’s foothold in healthcare. Microsoft CEO Satya Nadella said, “Nuance provides the AI layer at the healthcare point of delivery and is a pioneer in the real-world application of enterprise AI. AI is technology’s most important priority, and healthcare is its most urgent application. Together, with our partner ecosystem, we will put advanced AI solutions into the hands of professionals everywhere to drive better decision-making and create more meaningful connections, as we accelerate growth of Microsoft Cloud for Healthcare and Nuance.”
When the deal closes Mark Benjamin will remain CEO of Nuance and he will be reporting to Scott Guthrie, executive vice president of Cloud & AI at Microsoft.
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