Microsoft's $19.7 billion Nuance acquisition wins EU approval

The European Commission has approved Microsoft's $19.7 billion bid to buy Nuance Communications. The regulator said on Tuesday the proposed acquisition "would raise no competition concerns" within the European Union. In analyzing the bid, it found that "Microsoft and Nuance offer very different products." Moreover, it believes the company will continue to face "strong" competition from other firms in the future. Before today, the US and Australia had both signed off on the purchase, but it's not...