:Adobe Inc will need to secure European Union antitrust approval for its $20 billion bid for cloud-based designer platform Figma even though the deal falls short of the EU turnover threshold for a review, EU regulators said on Wednesday.The move by the European Commission underlines regulators' worries on Bi
:Adobe Inc will need to secure European Union antitrust approval for its $20 billion bid for cloud-based designer platform Figma even though the deal falls short of the EU turnover threshold for a review, EU regulators said on Wednesday.
The EU competition enforcer said Austria, Belgium, Bulgaria, Cyprus, Czechia, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, and Sweden had asked it to review the deal. "The transaction threatens to significantly affect competition in the market for interactive product design and whiteboarding software, which is likely at least EEA -wide, and, therefore, in the referring countries," the Commission said.
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