EU probes Adobe's $20B-acquisition bid for Figma product design software

EU probes Adobe's $20B-acquisition bid for Figma product design software

European Commission concerned that acquisition may reduce competition in global markets

By Gokhan Ergocun

ISTANBUL (AA) — The European Commission on Tuesday launched an investigation into US software company Adobe's bid to purchase a web-based design application called Figma.

The commission is concerned that the acquisition may hurt competition in interactive product design software in global markets.

Adobe offered $20 billion for Figma last year.

"Furthermore, the Commission will further investigate whether the transaction may foreclose rival providers of interactive product design tools by bundling Figma with Adobe's Creative Cloud suite," the press release said.

The commission will come to a decision by Dec. 14 this year.

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