The commission will make a decision by December 14th on the planned $20 billion acquisition.

EU Investigating Adobe’s Acquisition of Figma for $20 Billion

Febin MathewAugust 8, 23Adobe, EU, Figma

Adobe’s proposed acquisition of design competitor Figma, valued at $20 billion, is now under thorough investigation by the European Commission. The EU has expressed apprehension over the potential reduction in competition for interactive design software and tools used for digital asset creation. The EU Commission has until December 14 to make a decision. “Through our thorough investigation, we aim to ensure that users continue to have access to a wide range of digital creative tools to choose from,” European Competition Commissioner Margrethe Vestager said in a statement to Reuters. The…

Adobe said it wouldn't make any concessions to address competition concerns.

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UK begins thorough inquiry into Adobe’s $20 billion acquisition of Figma

Febin MathewJuly 14, 23Adobe, Figma

Adobe’s $20 billion acquisition of Figma is now under increased scrutiny as the UK’s Competition and Markets Authority (CMA) has initiated a thorough investigation into the deal. This comes after Adobe refused to make any concessions to address antitrust concerns. The investigation, known as “phase 2,” will involve a panel of independent experts who will assess whether the merger will result in a decrease in competition within the design software industry. The CMA has until December 27th to conclude its review. We’ve reached out to Adobe for comment. The company…

Adobe has five days to pacify the country's competition regulator.

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UK to Increase Scrutiny of Adobe’s $20 Billion Figma Purchase

Adarsh V.KJune 30, 23Adobe, Figma, UK

The UK’s Competition and Markets Authority (CMA) has announced its intention to conduct a thorough investigation into Adobe’s acquisition of Figma, according to The Wall Street Journal. The CMA has expressed worries about the potential negative impact on competition in the screen design software market and has decided to proceed with a “phase two” investigation. However, the CMA has given both companies a five-day window to propose legally binding solutions to address these concerns. If the CMA finds the response unsatisfactory, the investigation will commence. Adobe had previously announced its…

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US School Students Now Have Free Access to Figma

Febin MathewJune 22, 23Adobe, Figma

An increasing number of students are ditching traditional pen and paper in favor of laptops, which they use for various academic tasks such as note-taking and research. In response, companies are developing programs that cater to tech-focused learning, such as Figma, a cloud-based design tool. Figma has recently announced that it is offering free access to all K-12 students in the US, in partnership with Google for Education. The initiative was initially launched in beta last year, with 50 high schools nationwide receiving complimentary access to Figma and FigJam, a…

European antitrust regulators are preparing to launch a formal investigation into software giant Adobe's $20 billion buyout deal for cloudbased designer platform Figma later this year, the Financial Times reported on Tuesday.

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EU Regulators Investigating Adobe’s Proposed $20 Billion Acquisition of Figma

Adarsh V.KJune 20, 23Adobe, Business, EU, Figma

According to the Financial Times, antitrust regulators in Europe are getting ready to initiate a formal inquiry into Adobe’s acquisition of cloud-based designer platform Figma for $20 billion later this year. EU officials plan to press ahead with a detailed investigation into anti-competitive concerns, which could take several months and could eventually derail the deal altogether, the FT said, citing people with knowledge of the move. The report comes after Britain’s competition watchdog said last month it was investigating the deal between Adobe and Figma, while Bloomberg reported in February…

Adobe Inc will need to secure European Union antitrust approval for its $20 billion bid for cloudbased designer platform Figma even though the deal falls short of the EU turnover threshold for a review, EU regulators said on Wednesday.

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Adobe needs approval from EU lawmakers to finalize the Figma deal

Sanjay PatilMarch 10, 23Adobe, EU, Figma

(Reuters) – Adobe Inc must win European Union antitrust approval for a $20 billion bid for cloud-based design platform Figma, even though the deal falls short of EU revenue estimates, EU regulators said on Wednesday. The European Commission’s move underscores regulators’ concerns about Big Tech buying up smaller, innovative rivals and its effects on competition. The EU’s competition watchdog said Austria, Belgium, Bulgaria, Cyprus, the Czech Republic, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway and Sweden had asked it to review the agreement. Adobe, the Photoshop…