Adobe Figma News Today

The deal would eliminate competition and remove Figma as a threat to Adobes flagship Photoshop and Illustrator products, according to findings from an in-depth probe that the Competition and Markets Authority (CMA) launched in July, after Adobe refused to offer concessions to ease its concerns.

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Jira Software updates unlock information frozen in discrete tools to improve collaboration, ensure business goals are being met.

European Union antitrust regulators investigation into Photoshop maker Adobes $20 billion bid for cloud-based designer platform Figma has been put on hold while they wait for requested information from the companies.

Adobe: The European Commission said it stopped the clock effective Sept. 19 and will set a new deadline once the companies provide the data.

The European Commission has officially announced its commencement of a comprehensive investigation into Adobe's proposed acquisition of Figma.

Figma's web-based collaborative platform for designs and brainstorming is popular among tech companies including Zoom Video Communications, Airbnb and Coinbase .

The move underscores antitrust watchdogs wariness of tech deals where bigger companies may acquire rival start-ups to shut them down.

Britains antitrust regulator on Thursday referred Adobes $20 billion buyout of cloud-based designer platform Figma to an in-depth probe saying the Photoshop owner informed the regulator that it would not offer any remedies to ease its concerns.

Britains competition watchdog on Friday gave Adobe a week to offer remedies to address its concerns or face a deeper investigation.