Connect with us

Hi, what are you looking for?

TECH

EU antitrust regulators resume Adobe, Figma probe, deadline Feb. 5

According to a document by the European Commission on Friday, antitrust officials in the European Union have reopened their probe into Photoshop maker Adobe’s (ADBE.O) $20 billion offer for cloud-based designer platform Figma. They have set a decision deadline of Feb. 5.

While waiting for the needed information from the corporations, the EU watchdog froze the clock last month.

It has been speculated that the acquisition will allow Adobe to limit competition in the worldwide markets to deliver interactive product design tools by eliminating one of its major competitors.

Before Adobe can get regulatory permission for the purchase, it would likely need to submit remedies to address such concerns.

In conclusion, the EU antitrust investigators’ probe into Adobe and Figma is a major event in the history of the technology and design software sector. The investigation’s history, its effects on the market, and the approaching deadline have all been covered in detail here. We’re still dedicated to providing high-quality, educational articles that can boost your site’s visibility in search engines.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

The future of technological innovation is here. Be the first to discover the latest advancements, insights, and reviews. Join us in shaping the future.
SUBSCRIBE

You May Also Like

Uncategorized

Two nonfiction writers filed a lawsuit against OpenAI and its financial supporter Microsoft (MSFT.O) on Friday in Manhattan federal court. They claim that the...

AI

Nvidia has expanded its reach in China’s EV sector. Four Chinese electric car makers will utilize Nvidia’s technology to power autonomous driving systems, demonstrating...

TECH

In a federal court case in California, shareholders sued Netflix (NFLX.O.), alleging that the streaming entertainment business concealed how much account-sharing was impeding its...

TECH

With its most costly wager in over ten years, Apple (AAPL.O) said it would begin selling its Vision Pro mixed-reality headset in the US...