Australian design software giant Canva has struck a surprise deal with the country’s newest AI design startup, Leonardo.AI, in a deal worth more than $120 million, providing an early test of the competition regulator’s interest in digital platforms that are consolidating their market power.
Australian Competition and Consumer Commission It said it may review the Canva purchase as the federal government plans new merger laws. to focus The decision is partly intended to prevent big tech companies from buying up startups.
