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© Reuters. Adobe brand is seen on smartphone on this illustration taken June 13, 2022. REUTERS/Dado Ruvic/Illustration
BRUSSELS (Reuters) – European Union antitrust regulators have resumed their investigation into Photoshop maker Adobe (NASDAQ:)’s $20 billion bid for cloud-based designer platform Figma, setting a Feb. 5 deadline for his or her resolution, a European Fee submitting confirmed on Friday.
The EU watchdog stopped the clock final month whereas ready for requested info from the businesses.
It has mentioned that the deal might eradicate an vital rival to Adobe and permit it to limit competitors in international markets for the availability of interactive product design instruments.
Adobe will possible have to supply treatments to deal with such considerations earlier than it will possibly safe regulatory approval for the deal.
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