1.3.2023

Official Journal of the European Union

C 77/1

Euro exchange rates (1)

28 February 2023

(2023/C 77/01)

1 euro =

	Currency	Exchange rate
USD	US dollar	1,0619
JPY	Japanese yen	145,23
DKK	Danish krone	7,4443
GBP	Pound sterling	0,87701
SEK	Swedish krona	11,0780
CHF	Swiss franc	0,9947
ISK	Iceland króna	152,30
NOK	Norwegian krone	10,9713
BGN	Bulgarian lev	1,9558
CZK	Czech koruna	23,497
HUF	Hungarian forint	377,68
PLN	Polish zloty	4,7125
RON	Romanian leu	4,9200
TRY	Turkish lira	20,0556
AUD	Australian dollar	1,5760
CAD	Canadian dollar	1,4411
HKD	Hong Kong dollar	8,3351
NZD	New Zealand dollar	1,7216
SGD	Singapore dollar	1,4314
KRW	South Korean won	1 401,84
ZAR	South African rand	19,5518
CNY	Chinese yuan renminbi	7,3663
IDR	Indonesian rupiah	16 193,42
MYR	Malaysian ringgit	4,7653
PHP	Philippine peso	58,760
RUB	Russian rouble
THB	Thai baht	37,485
BRL	Brazilian real	5,5280
MXN	Mexican peso	19,4480
INR	Indian rupee	87,7205

(1) Source: reference exchange rate published by the ECB.

1.3.2023

Official Journal of the European Union

C 77/2

Prior notification of a concentration

(Case M.10796 – GOOGLE / PHOTOMATH)

(Text with EEA relevance)

(2023/C 77/02)

On 21 February 2023, the Commission received notification of a proposed concentration pursuant to Article 4 and following a referral pursuant to Article 4(5) of Council Regulation (EC) No 139/2004 (1).

This notification concerns the following undertakings:

—	Google LLC (‘Google’, US), controlled by Alphabet Inc. (US),

—	Photomath, Inc. (‘Photomath’, US).

Google will acquire within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of Photomath.

The concentration is accomplished by way of purchase of shares.

The business activities of the undertakings concerned are the following:

—

Google is active in a wide range of product areas, including advertising technology, internet search, cloud computing, software and hardware. Amongst other products and services, Google provides several education products, including apps, programmes and digital literacy tools, across a range of subjects, including certain maths topics,

—	Photomath provides free and premium versions of a homework help app that utilises a smartphone’s camera to scan and recognise symbolic maths problems (algebra, calculus, graphs etc), providing users with step-by-step solutions based on its own proprietary capabilities.

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.

The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.10796 – GOOGLE / PHOTOMATH

Observations can be sent to the Commission by email or by post. Please use the contact details below:

Email: COMP-MERGER-REGISTRY@ec.europa.eu

Postal address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

(1) OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

		ISSN 1977-091X
Official Journal of the European Union		C 77

English edition	Information and Notices	Volume 66 1 March 2023

Contents		page
	IV Notices
	NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES
	European Commission
2023/C 77/01	Euro exchange rates – 28 February 2023	1

	V Announcements
	PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY
	European Commission
2023/C 77/02	Prior notification of a concentration (Case M.10796 – GOOGLE / PHOTOMATH) ( 1 )	2