Adobe's Figma deal may face full-scale EU antitrust probe
1 year, 5 months ago

Adobe's Figma deal may face full-scale EU antitrust probe

The Hindu  

Adobe's $20 billion bid for cloud-based designer platform Figma will face a full-scale EU antitrust investigation following EU regulators' preliminary review, people familiar with the matter said on Monday. The move underscores antitrust watchdogs' wariness of tech deals where bigger companies may acquire rival start-ups to shut them down. The European Commission earlier this year warned of the threat the deal poses to competition in the market for interactive product design and whiteboarding software. Figma's web-based collaborative platform for designs and brainstorming is hugely popular among tech firms including Zoom Video Communications, Airbnb and Coinbase.

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History of this topic

Adobe terminates 20 bn dollar deal with Figma, pays USD 1 bn as termination fees
1 year ago

Adobe terminates 20 bn dollar deal with Figma, pays USD 1 bn as termination fees

India TV News  

Adobe has reportedly shelved its USD 20 billion deal for Figma- a cloud-based designer platform, reasoning to "no clear path" for antitrust approvals in the UK and Europe for what would have been among the biggest buyouts of a software startup. Adobe pays USD 1 bn as termination fees Adobe will pay a termination fee of $1 billion to San …

'Strongly disagree with...': Adobe's Shantanu Narayen on shelving $20 billion Figma deal
1 year ago

'Strongly disagree with...': Adobe's Shantanu Narayen on shelving $20 billion Figma deal

Hindustan Times  

Software giant Adobe's $20 billion acquisition of online design company Figma has been called off. Adobe's $20 billion acquisition of online design company Figma is being terminated due to regulatory concerns, the companies said Monday. “Although both companies continue to believe in the merits and procompetitive benefits of the combination, Adobe and Figma mutually agreed to terminate the transaction based …

Adobe calls off $20 billion deal for Figma after pushback from Europe over possible antitrust issues
1 year ago

Adobe calls off $20 billion deal for Figma after pushback from Europe over possible antitrust issues

Associated Press  

Adobe’s planned $20 billion acquisition of online design company Figma is being called off due to pushback in Europe over antitrust concerns, the companies said Monday. “Although both companies continue to believe in the merits and procompetitive benefits of the combination, Adobe and Figma mutually agreed to terminate the transaction based on a joint assessment that there is no clear …

Adobe’s $20 billion Figma deal risks veto from UK watchdog
1 year ago

Adobe’s $20 billion Figma deal risks veto from UK watchdog

Live Mint  

Adobe Inc.’s planned $20 billion purchase of design software maker Figma Inc. risks being blocked by Britain’s competition watchdog unless it offers up remedies to solve competition issues. The Competition and Markets Authority said its early view is that the deal could eliminate competition in product design software, reduce development of new products, and remove Figma as a competitor, according …

EU opens probe into $20 billion Adobe merger
1 year, 4 months ago

EU opens probe into $20 billion Adobe merger

The Hindu  

The European Commission, acting in its role as the EU competition regulator, opened an investigation Monday into U.S. software firm Adobe's planned $20 billion takeover of Figma. EU officials are "concerned that the transaction may reduce competition in the global markets for the supply of interactive product design software and for digital asset creation tools", the commission said. Adobe is …

Adobe's $20 Billion Deal To Acquire Figma Under Scrutiny From EU Regulators: Report
1 year, 6 months ago

Adobe's $20 Billion Deal To Acquire Figma Under Scrutiny From EU Regulators: Report

News 18  

European antitrust regulators are preparing to launch a formal investigation into software giant Adobe’s $20 billion buyout deal for cloud-based designer platform Figma later this year, the Financial Times reported on Tuesday. EU authorities plan to push forward with a detailed investigation, over anti-competition concerns, which could take many months and may ultimately derail the deal altogether, FT said, citing …

Adobe to acquire online design platform Figma for $20 billion, but its investors aren't pleased
2 years, 3 months ago

Adobe to acquire online design platform Figma for $20 billion, but its investors aren't pleased

India Today  

Adobe Inc agreed on Thursday to acquire Figma, whose products are used by software developers to collaborate, for $20 billion, sparking investor concerns about the rich price tag that led to a drop of more than $30 billion in the market value of the Photoshop maker. Adobe Chief Executive Shantanu Narayen hailed Figma's business as "the future of work" and …

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