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Tech Merger Crackdown? Adobe Faces EU Probe Over $20 Billion Purchase Of Figma, Report Says

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The investigation would be the latest into the $20 billion deal, as the Department of Justice prepares an antitrust suit against the deal.

the company is having “productive conversations with regulatory bodies worldwide.”the design start-up—a competitor to Adobe’s photo-editing software PhotoShop—in September, in a deal that Adobe CEO Shantanu Narayen called “transformational.” The acquisition is the company’s latest in a string of purchases, including its $4.75 deal for marketing software company Marketo in 2018 and its $1.275 billion bid for video editing software company Frame.io in 2021.

in March he is “confident” the acquisition will be approved, saying the company is “focused on continuing to impress upon the authorities why this is good.”The probe marks the latest example of government resistance against big tech companies. In May, the European Commission’s Irish Data Protection Commission ruled to fine Facebook and Instagram parent company Meta for

 

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