EU Commission issues objections to Adobe's $20B Figma acquisition
The EU Commission has issued a Statement of Objections regarding Adobe's proposed $20 billion acquisition of web-based collaborative design company Figma.
The Statement of Objections is part of an ongoing investigation the Commission launched after Adobe announced its intention to buy Figma, looking into concerns that if the transaction were to go ahead, it could affect competition in the product-design software market.
In its statement, the Commission outlined a number of concerns around the deal, primarily that the acquisition has the potential to not only reduce competition in the market for interactive product-design applications, but also for vector- and raster-editing tools.