Adobe's Figma deal faces EU competition investigation
The deal would remove an important rival and could allow Photoshop maker Adobe to restrict competition in the global markets for supply of interactive product design tools, the EU antitrust watchdog said.
It said the acquisition could also affect Figma's potential for growth into an effective competitor to Adobe's asset creation tools and effectively reduce competition in interactive product design tools by bundling Figma with Adobe's Creative Cloud suite. "With our in-depth investigation we aim to ensure that users continue to have access to a wide pool of digital creative tools to choose from," European Commissioner for Competition Margrethe Vestager said in a statement."We remain confident in the merits of the case as Figma's product design is an adjacency to Adobe's core creative products and Adobe has no meaningful plans to compete in the product design space," the company said in a statement.
"We look forward to establishing these facts in the next phase of the process and successfully completing the transaction."Reporting by Foo Yun Chee Editing by Sharon Singleton and David Goodman
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