Monday 24 July 2023

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

Adobe's $20 billion (roughly Rs. 1,63,400 crore) bid for cloud-based designer platform Figma will reportedly face a full-scale EU antitrust investigation following EU regulators' preliminary review. The move underscores antitrust watchdogs' wariness of tech deals where bigger companies may acquire rival start-ups to shut them down.

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