Alphabet: EU authorises Google to buy Photomath
(CercleFinance.com) - The European Commission has announced that it has unconditionally authorised the proposed acquisition of Photomath by Google.
Google is a technology company active in a wide range of product areas, including online search, app store services and several online homework and study aids. Photomath has an online homework and study aid app that uses a smartphone camera to scan and solve mathematics problems.
Based on its market investigation, the Commission concluded that the transaction would not significantly reduce competition in the following markets: (i) online homework and study aids that include mathematics as a subject and (ii) general research services.
The Commission therefore concluded that the proposed transaction would not raise competition concerns in the European Economic Area and cleared the case unconditionally.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
Google is a technology company active in a wide range of product areas, including online search, app store services and several online homework and study aids. Photomath has an online homework and study aid app that uses a smartphone camera to scan and solve mathematics problems.
Based on its market investigation, the Commission concluded that the transaction would not significantly reduce competition in the following markets: (i) online homework and study aids that include mathematics as a subject and (ii) general research services.
The Commission therefore concluded that the proposed transaction would not raise competition concerns in the European Economic Area and cleared the case unconditionally.
Copyright (c) 2023 CercleFinance.com. All rights reserved.