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The European Commission has opened an in-depth investigation into Adobe’s planned $20 billion purchase of design rival Figma. The EU said it’s concerned about the acquisition diminishing competition for interactive design software and digital asset creation tools.

Figma’s web-based collaborative platform for designs and brainstorming is popular among tech firms

Adobes $20 billion bid for cloud-based designer platform Figma may reduce competition in global markets for interactive product design tools and also shut out rivals, EU antitrust regulators said...

Its making waves on Reddit.

(Bloomberg) -- Adobe Inc.’s $20 billion takeover of Figma Inc. is set for an in-depth European Union investigation over concerns the deal could harm global competition for software used by designers.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘We...

BRUSSELS (Reuters) -Adobe's $20 billion bid for cloud-based designer platform Figma could reduce competition in global markets for interactive product design tools and also shut out rivals, EU antitrust regulators said on Monday. The European Commission said it opened a full-scale investigation into the deal after a preliminary review triggered concerns, confirming a Reuters story last month. Figma's web-based collaborative platform for designs and brainstorming is popular among tech...

The European Commission said it opened a full-scale investigation into the deal after a preliminary review triggered concerns, confirming a Reuters story last month.

Adobe: The European Commission said it opened a full-scale investigation into the deal after a preliminary review triggered concerns, confirming a Reuters story last month.

Adobes Figma deal faces EU competition investigation

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