The European Commission has decided to review Adobe’s acquisition of Figma to: if the settlement is approved or a thorough investigation is required.
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The transaction, worth approximately $20,000 million, attracted the attention of European authorities. setting a tentative deadline for making a decision.
According to Bloomberg, next Monday, August 7, is set as the deadline to determine if an in-depth analysis is necessary or if the operation has been directly approved. This news is not surprising, as the European Commission warned Adobe last February About the possibility of reviewing this purchase.
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And since the announcement of Figma’s acquisition, network users and designers in the field of user experience for websites in particular have complained about this platform.It rivaled Adobe XD, which is Adobe’s paid application for this segment, which is free to use.
That’s why European officials are questioning the possibility of Adobe trying to eliminate a major competitor through this acquisition.
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It should be noted that Adobe did not initially notify the European Commission of this transaction. Since it did not reach the turnover threshold determined by the Merger Regulation of the European Union
However, upon the request of several bloc member states, it was decided to continue the investigation. According to a Bloomberg report, Notification of the purchase of Figma was only sent to the relevant European authorities on Friday, 30 June.
JUAN DAVID CANO LOPERA
School of Multimedia Journalism EL TIEMPO
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