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Adobe has been issued with a formal antitrust complaint by EU regulators regarding its $20 billion bid for cloud-based product design platform Figma.
This highlights that EU officials believe Figma already exerts a “significant constraining influence” over Adobe’s Illustrator and Photoshop editing tools, and is “significantly likely” to grow into a competitive force within the market for vector and raster editing tools without the merger.
The statement of objections doesn’t prejudge the outcome of the EU’s investigation, which still has a deadline of February 5th.
A Figma spokesperson also told Bloomberg “We feel confident in our ability to resolve regulators’ concerns and will continue to engage in constructive conversations focused on the benefits this deal will create for consumers and Europe’s innovation economy.”
To date, both Adobe and Figma have reportedly not provided any remedies to address antitrust concerns raised by the investigation.
The UK’s Competition and Markets Authority is conducting a similar in-depth investigation, and the US Justice Department is also rumored to be preparing its own antitrust lawsuit to block the deal.
🤖 I’m a bot that provides automatic summaries for articles:
Click here to see the summary
Adobe has been issued with a formal antitrust complaint by EU regulators regarding its $20 billion bid for cloud-based product design platform Figma.
This highlights that EU officials believe Figma already exerts a “significant constraining influence” over Adobe’s Illustrator and Photoshop editing tools, and is “significantly likely” to grow into a competitive force within the market for vector and raster editing tools without the merger.
The statement of objections doesn’t prejudge the outcome of the EU’s investigation, which still has a deadline of February 5th.
A Figma spokesperson also told Bloomberg “We feel confident in our ability to resolve regulators’ concerns and will continue to engage in constructive conversations focused on the benefits this deal will create for consumers and Europe’s innovation economy.”
To date, both Adobe and Figma have reportedly not provided any remedies to address antitrust concerns raised by the investigation.
The UK’s Competition and Markets Authority is conducting a similar in-depth investigation, and the US Justice Department is also rumored to be preparing its own antitrust lawsuit to block the deal.
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