:Britain's competition regulator on Friday said Photoshop owner Adobe Inc's $20 billion buyout of cloud-based designer platform Figma could 'reduce innovation' and may be referred to a deeper investigation. The Competition and Markets Authority (CMA) said the deal would be referred to a phase 2 investigation
:Britain's competition regulator on Friday said Photoshop owner Adobe Inc's $20 billion buyout of cloud-based designer platform Figma could"reduce innovation" and may be referred to a deeper investigation.
"We remain confident in the merits of the case as Figma's product design is an adjacency to Adobe's core creative products and Adobe has no meaningful plans to compete in the product design space," Adobe said in a statement emailed to Reuters.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Britain tightens planned tech law to stop children viewing pornLONDON : Britain said on Friday it had tightened protections in its Online Safety Bill that will prevent children from viewing pornography in an update to long-delayed legislation that is being closely watched by the tech industry.Under the government's latest amendments after debates in parliament, Brita
Read more »
Britain tightens planned tech law to stop children viewing pornNew measures seek to hold top executives personally responsible for keeping children safe on their platforms. Read more at straitstimes.com.
Read more »
London's burning? Britain seeks to snuff out rising wildfire threatEngland and Wales saw the number of recorded wildfires increase fourfold last year, to 983 from 247 in 2021. Read more at straitstimes.com.
Read more »
UK government on standby to bail out Thames Water, the nation’s biggest water supplierThames Water, which supplies about 27% of Britain’s population, is grappling with huge debts. Read more at straitstimes.com.
Read more »
Controversial UK policy on asylum seekers faces crucial verdictThe policy involves flying refugees arriving in Britain to Rwanda for processing. Read more at straitstimes.com.
Read more »
Microsoft's appeal of UK Activision veto to go ahead as plannedLONDON : Microsoft's appeal against Britain's veto of its $69 billion deal to buy Activision Blizzard will go ahead as planned at the end of July after the Competition Appeal Tribunal (CAT) rejected the antitrust regulator's request for a delay.The Competition and Markets Authority, which blocked the take
Read more »