Adobe’s $20 Billion Figma Deal Faces EU Probe, Adding to Global Scrutiny
- EU regulators to follow UK with lengthy review of takeover
- US watchdogs also gearing up for lawsuit opposing the deal
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Adobe Inc.’s $20 billion takeover of design startup Figma Inc. is on course for an in-depth investigation from European Union merger regulators, adding to growing global scrutiny of the deal dubbed by Adobe’s boss as “transformational.”
Adobe won’t propose remedies to fix potential competition concerns, meaning an in-depth investigation from the EU’s competition branch is forthcoming, according to two people familiar with the matter.