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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.
Britain's antitrust regulator on Thursday referred Adobe's $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.
Britain's competition watchdog on Friday gave Adobe a week to offer remedies to address its concerns or face a deeper investigation.