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EU opens probe into $20-B Adobe merger

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The European Commission, acting in its role as the EU competition regulator, opened an investigation Monday into US software firm Adobe’s planned $20-billion takeover of Figma.

LONDON, United Kingdom -

The tie-up has already come under scrutiny from the British anti-trust authority, and the companies have been warned that it could be blocked if it is found to hurt competition or innovation.EU officials are “concerned that the transaction may reduce competition in the global markets for the supply of interactive product design software and for digital asset creation tools”, the commission said.

It has given itself 90 days to carry out a more in-depth investigation after unveiling its “preliminary concerns”.

 

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