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The European Commission said on Thursday that it has restarted its investigation into Adobe’s (NASDAQ:ADBE) $20B acquisition of Figma, after pausing it last month.
The government regulator said that the timeline for the deal was back on as of October 16. On September 26, the EC said it had temporarily halted its investigation into the deal on the basis that it needed more information from the two companies.
Adobe (ADBE) has previously told Seeking Alpha that the proposed deal to acquire the design collaboration software maker “will deliver significant value to customers by making product design more accessible and efficient, reimagining creative capabilities on the web and creating new categories of creativity and productivity.”
In August, the EC put the deal under review on the basis of competition concerns.
That same month, the Competition and Markets Authority, the U.K.’s antitrust agency, said it had terminated the extension of inquiry period into Adobe’s (ADBE) proposed deal to acquire Figma on the basis it had received the information requested.
The CMA’s review is still ongoing and is set to expire on December 31.
San Jose, California-based Adobe (ADBE) has repeatedly said it still expects the acquisition to close later this year.
Adobe (ADBE) shares rose 0.7% in mid-day trading on Thursday.
Image and article originally from seekingalpha.com. Read the original article here.