EU antitrust probe joins threat to Adobe’s $20 Billion Figma merger

  • 📰 verge
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 67%

United States News News

United States United States Latest News,United States United States Headlines

EU joins threat to Adobe’s $20 Billion Figma acquisition with new probe

Illustration by Kristen Radtke / The Verge

The European Union is launching an in-depth antitrust investigation into Adobe’s bid to acquire product design platform Figma, warning that the deal could “reduce competition in the global markets for the supply of interactive product design software and for digital asset creation tools.” The Commission now has until December 14th to decide on the next steps. These might involve demanding remediations to approve the deal, block the merger from going ahead entirely, or give approval if the EU’s early concerns are shown to be groundless., the European Commission outlined the transaction's potential impact on the supply of interactive product design tools and digital asset creation tools as its primary concern.

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:

 /  🏆 94. in US
 

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

United States United States Latest News, United States United States Headlines