EU opens probe into US$20 billion Adobe merger

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EU opens probe into US$20 billion Adobe merger
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The tie-up has already come under scrutiny from the British anti-trust authority. Read more at straitstimes.com.

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LONDON - 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.

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.

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