A Burlington based company is part of an investigation by a foreign nation over a large acquisition deal.
According to a report in the Miami Herald, British antitrust regulators have opened an investigation into Microsoft’s $16 billion acquisition of Nuance, located at 1 Wayside Road, Burlington. According to the report, the British Competitions and Markets Authority said the investigation was launched over concerns that the purchase could result in a “substantial lessening of competition” in the U.K. market.
Microsoft said in April of this year it was planning on buying Nuance, a leading vice-based artificial intelligence technology company that was a big component in Apple’s development of its digital assistant Siri. The company has since shifted it’s primary focus to medical dictation and transcription tools, the report states.
The deal would be Microsoft’s second largest in its history, only smaller than the company’s $26 billion purchase of LinkedIn in 2016.
Nuance has 7,100 employees with more than half them outside the U.S.