Adobe faces EU antitrust warning over Figma deal, sources say

By Foo Yun Chee

BRUSSELS (Reuters) – Adobe’s $20 billion bid for cloud-based designer platform Figma is ready to face an EU antitrust warning within the coming days, three folks aware of the matter stated, a transfer that might ratchet up strain on the Photoshop maker to supply treatments.

Tech offers all over the world have not too long ago attracted harder antitrust regulatory scrutiny amid fears that some greater firms could also be buying rival start-ups to close them down or enhance their market energy.

The European Fee is readying a press release of objections to ship to the businesses within the coming days, the folks stated.

Such paperwork or cost sheets set out the EU competitors watchdog’s issues on why offers could possibly be anti-competitive.

The EU company opened a full-scale investigation into Adobe’s proposed acquisition in August, saying that it may scale back competitors in world markets for interactive product design instruments and likewise shut out rivals.

The Fee and Adobe, which may provide treatments to stave off the EU warning, declined to remark.

Some firms favor to attend for a press release of objections in order that they know the exact regulatory worries earlier than they provide concessions.

San Francisco-based Figma’s web-based collaborative platform for designs and brainstorming is utilized by tech firms similar to Zoom Video Communications, Airbnb and Coinbase.

The Fee is because of resolve on the deal by Feb. 5.

(Reporting by Foo Yun Chee; Enhancing by Susan Fenton)

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