A PYMNTS Company

EU Regulators To OK Google’s Photomath App Buy

 |  March 22, 2023

The European Union (EU) is expected to grant Alphabet’s Google unconditional approval for its acquisition of the Croatian mathematics application Photomath, Reuters revealed on Wednesday. Google’s transition of ownership of Photomath is anticipated to be permitted without any additional restrictions or conditions.

The US tech sector has seen a flurry of merger deals recently, raising questions from regulators on both sides of the Atlantic. Potential antitrust issues have been raised, with concerns that some deals could be classified as “killer acquisitions” – ones where the acquiring company may be looking to eliminate competing start-ups. As a result, these transactions are under intense scrutiny.

Related: Google Takes Android Fine Appeal To EU Top Court

Google entered an agreement to acquire Photomath in May last year. Investors in the Croatian company include Menlo Ventures, LearnCapital, Goodwater Capital, GSV Ventures and Cherubic.

The European Commission, which is scheduled to decide on the deal by March 28, and Google declined to comment.