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Adobe’s Plans To Acquire Figma For $20 Billion Near Fail: European Union Launches Investigation!

  • June 20, 2023
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The digital design world woke up in September 2022 to shocking news. Adobe, the developer of dozens of design and editing programs, is a direct competitor of XD

Adobe’s Plans To Acquire Figma For  Billion Near Fail: European Union Launches Investigation!

The digital design world woke up in September 2022 to shocking news. Adobe, the developer of dozens of design and editing programs, is a direct competitor of XD software. will buy Figma had explained.

The value of the said purchase was shared as US$20 billion. While the acquisition is expected to close in 2023, This is news that will shatter expectations. came.

The European Union launched an investigation into the purchase:

figure adobe

According to information obtained by The Financial Times from four sources on the subject, European Union antitrust regulators are considering Adobe’s acquisition of Figma. official investigation started. The reason for the research was the concern that purchasing in the sector would lead to less innovation and higher prices.

But the factor that made this matter more serious was the decision of the regulators. While many giant takeovers are the subject of investigations in the European Union, these are often “phase 1” investigations that take several months to complete.

Supervisors, on the other hand, carry out this investigation. to escalate to “phase 2” investigation decided. This means that the research will take place over a much more detailed and, of course, longer time frame. of the research even risk the purchase will be mentioned.

The European Union thinks Adobe bought Figma to end the competition:

According to additional information from four sources, the EU considers the acquisition of Adobe a “lethal buy”. In other words, Adobe wants to end the competition by buying up its small-scale competitor, which has challenged itself in recent years.

Source: Web Tekno

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