EU Demands Missing Details on Adobe’s $20 Billion Figma Deal

Watchdog stops clock running in in-depth review of takeover
EU approval is key to deal seen by Adobe as ‘transformational’

The Adobe logo on a smartphone arranged in the Brooklyn borough of New York, US, on Friday, July 28, 2023. 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 Adobes boss as transformational.Photographer: Gabby Jones/Bloomberg

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By Samuel Stolton

September 26, 2023 at 10:27 AM UTC

This article is for subscribers only.

Adobe Inc.’s $20 billion (18.9 billion euros) takeover of Figma Inc. risks delays after European Union watchdogs stopped the clock running on their in-depth probe to seek missing details about the deal.

The European Commission said it took the step — increasingly common in complex deal reviews — on Sept. 19 after the firms failed to provide “in a timely fashion, an important piece of information” that it had requested from them. The clock will start again once the data has been handed over, the regulator added. Adobe declined to comment.