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EU antitrust regulators resume Adobe, Figma probe, deadline Feb. 5
© Reuters. Adobe logo is seen on smartphone in this illustration taken June 13, 2022. REUTERS/Dado Ruvic/Illustration
BRUSSELS (Reuters) – European Union antitrust regulators have resumed their investigation into Photoshop maker Adobe (NASDAQ:)’s $20 billion bid for cloud-based designer platform Figma, setting a Feb. 5 deadline for their decision, a European Commission filing showed on Friday.
The EU watchdog stopped the clock last month while waiting for requested information from the companies.
It has said that the deal may eliminate an important rival to Adobe and allow it to restrict competition in global markets for the supply of interactive product design tools.
Adobe will likely have to provide remedies to address such concerns before it can secure regulatory approval for the deal.
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