Adobe's $20 Billion Figma Deal Faces EU Antitrust Probe

Adobe's proposed $20 billion takeover of design firm Figma risks a lengthy European Union probe after the bloc's antitrust watchdog warned of potential concerns over the deal. From a report: The European Commission said it had received requests from a number of national regulators to look into the deal, even though it falls below the normal revenue thresholds to warrant an EU-level review, according to a statement Wednesday. The agency said the deal could "significantly affect competition" in the market for interactive product design and whiteboarding software. It will now ask Adobe to notify the transaction as the companies can't go ahead with the deal without getting clearance from the EU.

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