Adobe Receives US Justice Request for More Data on Figma Deal
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Adobe Inc. and Figma Inc. have received a second request for information from the US Department of Justice on Adobe’s proposed $20 billion acquisition of its startup rival, signaling stepped-up antitrust scrutiny of the purchase.
The deal, which would be one of the largest takeovers of a private software maker ever, was announced Sept. 15 with a targeted completion in 2023. Adobe, the top maker of creative software for design professionals, is looking to expand its web-based offerings to make inroads with nonprofessional customers and small businesses. That market has gravitated in recent years to web-native companies such as San Francisco-based Figma, Canva Inc. and Lightricks Ltd.