By Cristina Roca

Microsoft Corp.'s deal to acquire transcription-technology company Nuance Communications Inc. for $16 billion has received unconditional approval by the European Union's antitrust authority.

The European Commission said Tuesday that the deal wouldn't significantly reduce competition and that it would raise no concerns.

The U.S. software giant said in April that it struck a deal to acquire Nuance, valued at $19.7 billion including Nuance's net debt, in a bet on the growing demand for digital tools within healthcare.

The deal is under review by the U.K.'s competition regulator.

Write to Cristina Roca at cristina.roca@wsj.com

(END) Dow Jones Newswires

December 21, 2021 10:32 ET (15:32 GMT)

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