Hey, folks, welcome to Week in Review (WiR), TechCrunch’s regular newsletter that recaps the top tech — and tech-related — stories over the past several days. With the holiday around the corner, this reporter expected a quieter week. But the opposite happened — there’s been no shortage of stories to write about. In this edition … Read more
Adobe and Figma, the cloud-based design tool, will terminate their planned $20 billion merger in light of regulatory hurdles, the companies said Monday. In a statement, the two companies said “there is no clear path to receive necessary regulatory approvals from the European Commission and the UK Competition and Markets Authority.” Adobe shares rose around … Read more
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Adobe has been issued with a formal antitrust complaint by EU regulators regarding its $20 billion bid for cloud-based product design platform Figma. Following an in-depth investigation that was launched on August 7th, the European Commission reached the preliminary conclusion on Friday that if the deal goes ahead, it may “significantly reduce competition in the … Read more
The European Union is launching an in-depth antitrust investigation into Adobe’s bid to amass product design platform Figma, warning that the deal might “cut back competitors within the world markets for the provision of interactive product design software program and for digital asset creation instruments.” The Fee now has till December 14th to determine on … Read more
The European Fee (EC) has confirmed that it’s opening an in-depth investigation into Adobe’s proposed $20 billion bid for digital design software program rival Figma. The Fee stated that the acquisition “could cut back competitors within the international markets for the availability of interactive product design software program and for digital asset creation instruments.” First … Read more