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EU to investigate Adobe’s $20bn Figma acquisition.
According to the Financial Times, European regulators are set to launch a formal antitrust investigation into Adobe’s purchase of product design platform Figma amid concerns the acquisition will reduce innovation and increase prices.
“Adobe is trying to buy a credible competitor,” said one Financial Times’ source. “It’s bad.” The US Department of Justice is also reportedly preparing a lawsuit that could block the transaction.
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