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.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘RHOBH’ Star Kyle Richards Loves to Wear These $8 Sunglasses With ‘a Great Shape’‘RHOBH’ Star Kyle Richards Loves These $8 Sunglasses With ‘a Great Shape’
Read more »
Jennifer Aniston Wore Flip-Flops That Are Under $20 on AmazonSuddenly, I like flip-flops again. 😍
Read more »
Pamper Your Legs with This At Home Massager, Now $20 OffGive your legs the pampering they deserve with the Full Leg Massage + Heat Treatment.
Read more »
EU to Investigate Adobe's Figma Deal for Potential Competition ConcernsThe European Union's antitrust regulators have announced an investigation into Adobe's $20 billion bid for cloud-based designer platform Figma. The deal is suspected to reduce competition in the global markets for interactive product design tools and potentially exclude rivals, raising concerns about restricted competition in the supply of these tools.
Read more »
Bayer Reports Q2 Net Loss of 1.89 Billion EurosBayer, a German drugs and pesticides maker, has reported a net loss of 1.89 billion euros ($2.08 billion) for the second quarter. This loss was primarily due to 2.3 billion euros in impairment charges. The company had previously announced expected goodwill impairments worth about 2.5 billion euros, resulting in a net loss of 2 billion euros for the second quarter.
Read more »