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Adobe, Figma $20 Billion Deal to Face Full-Scale EU Antitrust Probe After Preliminary Review

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[ad_1] Adobe’s $20 billion (roughly Rs. 1,63,400 crore) bid for cloud-based designer platform Figma will face a full-scale EU antitrust investigation following EU regulators’ preliminary review, people familiar with the matter said on Monday. The move underscores antitrust watchdogs’ wariness of tech deals where bigger companies may acquire rival start-ups to shut them down. An Adobe spokesperson … Read more

Britain’s Antitrust Watchdog Announces In-Depth Probe of Adobe’s $20 Billion Figma Deal

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[ad_1] Britain’s antitrust regulator on Thursday announced an in-depth probe of Adobe’s $20 billion (roughly Rs. 1,64,216 crore) bid for cloud-based designer platform Figma, after the Photoshop owner said it would not offer any remedies to ease the regulator’s concerns. The Competition and Markets Authority (CMA) said late last month it had found the deal … Read more

EU Antitrust Body to Announce Decision on Adobe, Figma $20 Billion Deal on August 7

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[ad_1] EU antitrust regulators will decide by August 7 whether to clear Adobe’s $20 billion (roughly Rs. 1,63,900 crore) 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 … Read more

Adobe’s $20 Billion Acquisition of Figma Reportedly on EU Antitrust Body Radar

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[ad_1] European antitrust regulators are preparing to launch a formal investigation into software giant Adobe’s $20 billion (roughly Rs. 1,64,200 crore) buyout deal for cloud-based designer platform Figma later this year, the Financial Times reported on Tuesday. EU authorities plan to push forward with a detailed investigation, over anti-competition concerns, which could take many months and may … Read more