Adobe emblem is seen on smartphone on this illustration taken June 13, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights
BRUSSELS, Oct 20 (Reuters) – European Union antitrust regulators have resumed their investigation into Photoshop maker Adobe’s (ADBE.O) $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 stated that the deal could eradicate an necessary rival to Adobe and permit it to limit competitors in international markets for the provision of interactive product design instruments.
Adobe will seemingly have to offer cures to handle such issues earlier than it could safe regulatory approval for the deal.
Reporting by Foo Yun Chee; modifying by Jason Neely
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