BRUSSELS (Reuters) – Adobe’s $20 billion bid for cloud-based designer platform Figma may reduce competition in global markets for interactive product design tools and also shut out rivals, EU antitrust regulators said on Monday.
The European Commission opened a full-scale investigation into the deal after a preliminary review triggered concerns, confirming a Reuters story last month.
The EU competition enforcer said it would decide by Dec. 14 whether to clear or block the deal.
(Reporting by Foo Yun Chee)
Credit: The Star : Tech Feed
