BRUSSELS : EU antitrust regulators will decide by Aug. 7 whether to clear Adobe's $20 billion bid for cloud-based designer platform Figma after a preliminary review, according to a European Commission filing on Monday.Photoshop maker Adobe sought EU approval last Friday. A request made a month before the
BRUSSELS : EU antitrust regulators will decide by Aug. 7 whether to clear Adobe's $20 billion bid for cloud-based designer platform Figma after a preliminary review, according to a European Commission filing on Monday.
Photoshop maker Adobe sought EU approval last Friday. A request made a month before the summer holidays suggests the company expects the EU competition enforcer to open a full-scale investigation following its initial scrutiny. The Commission earlier this year warned the deal threatens to significantly affect competition in the market for interactive product design and whiteboarding software.
Figma's web-based collaborative platform for designs and brainstorming is hugely popular among tech firms including Zoom Video Communications, Airbnb and Coinbase. Britain's competition watchdog on Friday gave Adobe a week to offer remedies to address its concerns or face a deeper investigation.
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MasterChef Singapore returns for a fourth season on Aug 9, winner will walk away with S$10,000 in cashThis season features 18 contestants who will be competing in three groups of six, each led by a judge.
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Exclusive-Microsoft faces EU antitrust probe after remedies fall short, sources sayBRUSSELS :Microsoft is likely to face an EU antitrust investigation in the coming months after remedy discussions with the EU watchdog to avert such a move appear to have hit a roadblock, people familiar with the matter said.Microsoft, which has been fined 2.2 billion euros ($2.4 billion) in the previous deca
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Exclusive-EU investigation into Microsoft likely after remedies fall short, sources sayBRUSSELS : European Union antitrust regulators are likely to open a formal investigation into Microsoft after remedy discussions with the company to avert such a move appear to have hit a roadblock, people familiar with the matter said.Microsoft has offered to cut the price of its Office product without i
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Microsoft faces EU antitrust probe after remedies fall short, sources sayBRUSSELS: Microsoft is likely to face an EU antitrust investigation in the coming months after remedy discussions with the EU watchdog to avert such a move appear to have hit a roadblock, people familiar with the matter said. Microsoft, which has been fined €2.2 billion (US$2.4 billion) in the previous d
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NATO expected to extend boss Stoltenberg's term on Tuesday: DiplomatsBRUSSELS: NATO members are expected to agree on Tuesday (Jul 3) to extend the term of Secretary General Jens Stoltenberg for a further year, according to four diplomats. The decision has been widely signalled in recent weeks but ambassadors to NATO are expected to formally approve the extension d
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UBS aims to avoid using $10 billion Credit Suisse backstop amid backlash -FT:UBS Group AG is aiming to avoid using a $10 billion backstop for Credit Suisse amid a backlash, the Financial Times reported on Sunday.UBS executives are hoping to announce that the bank will not call on the government backstop when it publishes its second-quarter results on Aug. 31, the report added.
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