Adobe's Deal to Buy Figma Faces EU Objections Over Competition Concerns
20 Novembro 2023 - 4:16AM
Dow Jones News
By Giulia Petroni
The European Union's competition watchdog issued a statement of
objections against Adobe's proposed $20 billion acquisition of
Figma, saying the deal could reduce fair competition in the market
of interactive product design and other creative design
software.
The European Commission, the EU's executive body, said late on
Friday that the acquisition could significantly imperil competition
for the supply of interactive product design tools and of vector
and raster editing tools.
"Adobe now has the opportunity to reply to the Commission's
statement of objections, to consult the Commission's case file and
to request an oral hearing," according to the authority.
An in-depth investigation to assess Adobe's proposed acquisition
of the collaborative-design platform was opened in August. The
U.K.'s Competition and Markets Authority is also conducting an
in-depth probe into the deal.
Adobe and Figma weren't immediately available for comment when
contacted by Dow Jones Newswires.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
November 20, 2023 02:01 ET (07:01 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Adobe (NASDAQ:ADBE)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Adobe (NASDAQ:ADBE)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024
