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.
