Jess Weatherbed
The DOJ isn’t happy about Adobe’s $20 billion Figma deal.
The US Justice Department is preparing to investigate Adobe’s acquisition of rival creative software company Figma, with Politico reporting that the DOJ has contacted Adobe as well as Figma’s customers, competitors, and investors to determine if the transaction will hurt market competition.
The $20 billion deal caused Adobe shares to tumble in September, resulting in the worst one-day decline since 2010.