Top
Home / News
News, Tech

EU antitrust regulators set Aug. 7 deadline for Adobe, Figma deal

By

By Foo Yun Chee

BRUSSELS (Reuters) – EU antitrust regulators will decide by Aug. 7 whether to clear Adobe’s $20 billion bid for cloud-based designer platform Figma after a preliminary review, according to a European Commission filing on Monday.

Photoshop maker Adobe sought EU approval last Friday. A request made a month before the summer holidays suggests the company expects the EU competition enforcer to open a full-scale investigation following its initial scrutiny.

The Commission earlier this year warned the deal threatens to significantly affect competition in the market for interactive product design and whiteboarding software.

EU antitrust regulators set Aug. 7 deadline for Adobe, Figma deal
Adobe logo is seen on smartphone in this illustration taken June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Figma’s web-based collaborative platform for designs and brainstorming is hugely popular among tech firms including Zoom Video Communications, Airbnb and Coinbase.

Britain’s competition watchdog on Friday gave Adobe a week to offer remedies to address its concerns or face a deeper investigation.

Tags: , , ,
0

RELATED POSTS

News, Tech

Adobe announced new Adobe Express innovations to empower the world’s largest enterprises to accelerate and scale on-brand content creation while collaborating more seamlessly and productively across teams, agencies and partners. Adobe Express is playing a critical role in enterprises’ content supply

News, Tech

By Shivani Tanna (Reuters) - The European Union is planning to vote on whether to introduce tariffs as high as 45% on imported electric vehicles made in China on Oct. 4, Bloomberg News reported on Saturday, citing people familiar with

News, Tech

By Philip Blenkinsop BRUSSELS (Reuters) - Alphabet unit Google filed a complaint to the European Commission on Wednesday against what it said were Microsoft's anti-competitive practices to lock customers into Microsoft's cloud platform Azure. Google, whose biggest cloud computing rivals are Microsoft

4i magazine was founded with the vision of enabling our readers to make sense of the modern world. Our mission is to provide our audience with the most important, cutting-edge tech news and insights. Today's media landscape features too much information and not enough knowledge. Our coverage aims to fix that, by focusing the spotlight on developing trends, up-and-coming talents, and news that's worth your attention.

info@4imag.com
jobs@4imag.com

© Copyright 4i Mag 2022 All Rights Reserved