... [+]Key Facts
The suit could be filed as early as next month, according to Bloomberg, citing a source with knowledge of the case.to buy Figma on September 15—a deal most Wall Street analysts felt significantly overvalued the company, which makes website design software and lets multiple users collaborate on designs through the cloud, sending Adobe’s stock tumbling more than 25% by the end of September.
Prosecutors met with Adobe’s team Wednesday, according to Bloomberg—which is commonplace before antitrust lawsuits.Adobe still hopes to close the deal to buy Figma this year, a company spokesperson told Bloomberg.President Joe Biden’s administration has made several moves to ramp up antitrust enforcement, especially involving large tech companies.
Afobe needs to pair down, slow down and build a stable product. Half of their library is half-develpped almostware.