Adobe’s Figma deal faces full-scale EU antitrust probe, sources say By Reuters

© Reuters. FILE PHOTO: Adobe emblem is seen on smartphone on this illustration taken June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photograph

By Foo Yun Chee

(Reuters) -Adobe’s $20 billion bid for cloud-based designer platform Figma will face a full-scale EU antitrust investigation following EU regulators’ preliminary evaluate, folks accustomed to the matter mentioned on Monday.

The transfer underscores antitrust watchdogs’ wariness of tech offers the place larger firms might purchase rival start-ups to close them down.

An Adobe (NASDAQ:) spokesperson declined to touch upon the EU evaluate. The spokesperson mentioned: “We proceed to have productive conversations with regulatory our bodies worldwide. We’re excited concerning the worth Adobe and Figma will convey to prospects by making product design extra accessible and environment friendly.”

The European Fee declined to remark.

The European Fee earlier this 12 months warned of the risk the deal poses to competitors out there for interactive product design and whiteboarding software program.The EU competitors enforcer is scheduled to complete its preliminary scrutiny by Aug. 7.

Figma’s Net-based collaborative platform for designs and brainstorming is massively well-liked amongst tech companies together with Zoom Video Communications (NASDAQ:), Airbnb and Coinbase (NASDAQ:).

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