EU Regulators Issue Antitrust Complaint Against Adobe's $20 Billion Figma Acquisition

The European Commission fears the deal could significantly reduce competition in global markets and result in a 'reverse killer acquisition'.

Adobe's $20 billion acquisition of Figma, a cloud-based product design platform, is facing regulatory hurdles in Europe, with the European Union issuing a formal antitrust complaint.
The EU regulators believe that the acquisition may significantly reduce competition in global markets, as Figma exerts a significant constraining influence on Adobe's vector editing tool, Adobe Illustrator, and raster editing tool, Photoshop.
The EU's objection doesn't mean the deal is dead, with a final decision expected by February 5.
The European Commission has also raised concerns about the discontinuation of Adobe's own interactive product design tool, Adobe XD, which it sees as a 'reverse killer acquisition'.
Regulatory bodies in the UK and the US are also scrutinizing the proposed merger.