News Formal

EU opens probe into $20-B Adobe merger

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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”.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Small medical facilities urged to join merger raceSmall healthcare facilities must explore merging with major institutions in the industry to build their financial capacity and take advantage of the government's target to expand health services across the Philippines, a boutique investment bank said.
Source: CNN Philippines - 🏆 13. / 63 Read more »