The Justice Department is preparing an antitrust lawsuit seeking to block Adobe Inc.’s $20 billion acquisition of startup Figma Inc., people familiar with the matter said.
A case is expected to be filed as soon as next month, although the timing could slip, said one of the people, all of whom asked for anonymity to discuss the confidential probe. The deal needs approval from several antitrust authorities and the merger agreement allows for a possible extended regulatory review with an outside completion deadline of March 2024. Adobe had a meeting with the DOJ yesterday, according to another person.
