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EU antitrust regulators to decide on Google's maths app buy by March 28

Reuters
·1-min read
FILE PHOTO: Damir Sabol, owner of software company which developed the PhotoMath application, uses the application on his smartphone in Zagreb

BRUSSELS (Reuters) - EU antitrust regulators have set a March 28 deadline for their decision on Alphabet unit Google's acquisition of Croatian maths app Photomath, according to a European Commission filing on Wednesday.

The EU competition enforcer can clear the deal with or without remedies after its preliminary review or it can open a four month long investigation if it has serious concerns.

"We can confirm that we entered into an agreement to acquire Photomath in May 2022, subject to regulatory review," a Google spokesperson said.

"Photomath's technology will help Google to enhance its ability to provide better math learning experiences to students, helping to build out Google's homework help offerings for users."

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Photomath's app uses a smartphone's camera or scientific calculator to recognize and explain symbolic math problems. Menlo Ventures, LearnCapital, Goodwater Capital, GSV Ventures and Cherubic are investors in the company.

(Reporting by Foo Yun Chee;Editing by Elaine Hardcastle)