EU antitrust regulators have restarted their inquiry into Adobe’s $20 billion purchase of the cloud-based designer platform Figma, with a decision deadline set for February 5th, according to a European Commission document released on Friday.
The Adobe logo is visible on a smartphone in this illustration captured on June 13, 2022.
The Adobe logo is visible on a smartphone in this illustration captured on June 13, 2022.
The European Commission had paused its investigation while waiting for requested information from the companies.
The Commission has expressed concerns that the acquisition could eliminate a significant competitor to Adobe and potentially stifle competition in the global market for interactive product design tools.
Adobe will probably need to offer solutions to address these worries before receiving regulatory clearance for the acquisition.
Reporting by Foo Yun Chee; edited by Jason Neely.
