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Pros
Pro Completely free
DiffMerge is free of charge to download and use for both commercial and open source projects. There's no license needed. However, people who want to contribute to the project monetarily can do so.
Pro Cross platform
DiffMerge is cross platform and is available for all major operating systems. This means WIndows, Linux and OSX
Pro Folder compare
Pro Three way merges
DiffMerge supports three way merges.
Cons
Con Startup time can be slow
DiffMerge's startup time can be quite slow sometimes.
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