BRUSSELS (Reuters) – European Union antitrust regulators’ investigation into Photoshop maker Adobe’s $20 billion bid for cloud-based designer platform Figma has been placed on maintain whereas they look ahead to requested info from the businesses.
The European Fee mentioned it stopped the clock efficient Sept. 19 and can set a brand new deadline as soon as the businesses present the info.
“This process in merger investigations is activated if the events fail to offer, in a well timed style, an necessary piece of data that the Fee has requested from them,” the EU competitors watchdog mentioned.
The earlier deadline was Jan. 8.
The Fee has beforehand voiced issues that the deal might take away an necessary rival to Adobe and permit it to limit competitors in international markets for the availability of interactive product design instruments.
(Reporting by Foo Yun Chee; Modifying by Sharon Singleton)
