that it would need to clear the proposed merger, under the justification that it “threatens to significantly affect competition in the market for interactive product design and whiteboarding software.”Now, the Brussels-based Commission will open a phase II investigation, per the FT. Generally, anti-competition probes are handled at the phase I level, which accounts for 90% of all cases, according to EU. In comparison, a phase II analysis takes more time and goes deeper.
The EU Commission would not directly confirm its plans to investigate the Adobe/Figma merger. In an email, spokesperson Marta Perez-Cejuela told Gizmodo, “this transaction has not been formally notified to the Commission.” Such notification is a requirement before any investigation can move forward. Commission officials requested that Adobe submit an official notification in February.Despite the Commission’s lack of formal announcement, an EU probe into the acquisition is expected.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BTCTN - 🏆 531. / 51 Read more »