Europe to ‘assess’ Adobe’s proposed $20B Figma acquisition on competition grounds

Adobe’s proposed plan to snap up digital design rival Figma for $5 billion has attracted the attentions of the European Commission (EC), which announced today that the proposed merger “threatens to significantly affect competition in the market for interactive product design and whiteboarding software.”
While the EC acknowledged that the transaction doesn’t meet the turnover thresholds set out in the EU merger regulations, meaning that the merging companies weren’t required to notify European regulators, there are separate provisions in Article 22 that allow membe

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