EU antitrust regulator reopens investigation into Adobe's $20 billion acquisition of Figma

News from this site on October 21, according to Reuters, a document submitted by the European Commission on Friday local time showed that EU antitrust regulators have restarted an investigation into Adobe’s acquisition of cloud designer platform Figma , and requires the company concerned to make a decision on this transaction before February 5 next year.

Reports The European Commission closed its investigation into the deal last month and is waiting for more information from Adobe and Figma. The regulator has received a response and will analyze whether the transaction "will significantly weaken competition in the interactive design software market" within the next three months.

Adobe will "most likely" have to provide remedies in response to monopoly challenges before regulators can greenlight the deal.

This site attaches a summary of the previous information:

On September 15, 2022, Adobe announced that it had signed a final acquisition agreement with Figma, and will acquire Figma for approximately US$20 billion (this Site Note: Currently about 146.4 billion yuan) to acquire this online design collaboration startup in cash and stock.

Adobe expected the deal to close in 2023, with the two companies continuing to operate independently, but Figma’s CEO reporting to Adobe’s president of digital media. Adobe said in a statement that the combination "will reimagine the future of creativity and productivity, accelerate creativity on the web, advance product design, and inspire a global community of creators, designers, and developers." The merger The new company will create greater value for customers, shareholders and the industry." In August this year, the EU antitrust regulator stated that the transaction may

weaken the global interactive product design tool market Compete, exclude competitors

. The European Commission said it had launched a full investigation into the deal after a preliminary review raised concerns. Advertising statement: The external jump links (including but not limited to hyperlinks, QR codes, passwords, etc.) contained in the article are used to convey more information and save selection time. The results are for reference only. All articles on the site contain this statement.

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