The European Commission put a hold on its probe of IBM Corp.’s bid to buy Sweden’s Telelogic AB, a software maker which has its U.S. headquarters in Irvine.
Antitrust regulators first raised concerns back in October, when they said the $750 million deal may violate European Union competition rules.
The investigation was suspended Tuesday until regulators could get more details from the companies, according to an Associated Press report.
It’s set to be resumed when the information gathering is complete.
In October, the EU set a Feb. 20 deadline to reject or approve the deal. No new date was given.
Telelogic makes software that helps businesses speed up their own product and software development.
It counts yearly sales of about $200 million to customers such as Boeing Co., General Motors Corp. and Sprint Nextel Corp.
The company’s Telelogic North America Inc. unit is based in the Irvine Spectrum, where it has about 85 workers.
