EU antitrust regulators set Aug. 7 deadline for Adobe, Figma deal


FILE PHOTO: Adobe logo is seen on smartphone in this illustration taken June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

BRUSSELS (Reuters) - EU antitrust regulators will decide by Aug. 7 whether to clear Adobe's $20 billion 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 expects the EU competition enforcer to open a full-scale investigation following its initial scrutiny.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Nvidia buys AI software provider SchedMD to expand open-source AI push
US launches campaign to hire AI engineers for federal roles
Netflix says its position on deal with Warner Bros Discovery unchanged
Citi sets 2026 S&P 500 target at 7,700, expects AI to remain key theme
Exclusive-Tesla board made $3 billion via stock awards that dwarfed tech peers
Electricity is now holding back growth across the global economy
North Korean leader's sister sports Chinese foldable phone
STMicro has shipped 5 billion chips for Starlink in past decade; that could double by 2027
Tech support scammers stole US$85,000 from him. His bank declined to refund him.
Analysis-Old meets new economy: AI boom to supercharge European banks' rally

Others Also Read