• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

Action Now to Protect Benefits

August 15, 2025

The 10 Fastest Growing Remote Careers Right Now — and 10 Companies Hiring

August 15, 2025

Clicks to Cash: 15 Websites and Apps to Suit Every Seller

August 15, 2025
Facebook Twitter Instagram
Trending
  • Action Now to Protect Benefits
  • The 10 Fastest Growing Remote Careers Right Now — and 10 Companies Hiring
  • Clicks to Cash: 15 Websites and Apps to Suit Every Seller
  • Jesse Itzler and Devon Levesque on the Mad Fun of Runningman
  • Why Transparency Is Overrated in Times of Crisis
  • Big Investors Are Betting on This ‘Unlisted’ Stock
  • xAI Cofounder Says He Learned 2 Major Lessons From Elon Musk
  • How The 2025 Budget Act Accelerates Social Security’s Insolvency
Friday, August 15
Facebook Twitter Instagram
iSafeSpend
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
iSafeSpend
Home » Adobe’s Figma deal faces EU competition investigation
Investing

Adobe’s Figma deal faces EU competition investigation

News RoomBy News RoomAugust 7, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

© Reuters. Adobe logo is seen on smartphone in this illustration taken June 13, 2022. REUTERS/Dado Ruvic/Illustration

By Foo Yun Chee

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.

Tech deals have recently drawn sharp antitrust regulatory scrutiny amid fears that some bigger companies may be acquiring rival start-ups to shut them down.

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

The deal would remove an important rival and could allow Photoshop maker Adobe (NASDAQ:) to restrict competition in the global markets for supply of interactive product design tools, the EU antitrust watchdog said.

It said the acquisition could also affect Figma’s potential for growth into an effective competitor to Adobe’s asset creation tools and effectively reduce competition in interactive product design tools by bundling Figma with Adobe’s Creative Cloud suite.

“With our in-depth investigation we aim to ensure that users continue to have access to a wide pool of digital creative tools to choose from,” European Commissioner for Competition Margrethe Vestager said in a statement.

Adobe said it has received overwhelmingly positive feedback on the deal from customers worldwide.

“We remain confident in the merits of the case as Figma’s product design is an adjacency to Adobe’s core creative products and Adobe has no meaningful plans to compete in the product design space,” the company said in a statement.

“We look forward to establishing these facts in the next phase of the process and successfully completing the transaction.”

The EU competition enforcer said it would decide by Dec. 14 whether to clear or block the deal.

Read the full article here

Featured
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

The 10 Fastest Growing Remote Careers Right Now — and 10 Companies Hiring

Burrow August 15, 2025

Clicks to Cash: 15 Websites and Apps to Suit Every Seller

Make Money August 15, 2025

Jesse Itzler and Devon Levesque on the Mad Fun of Runningman

Make Money August 14, 2025

Why Transparency Is Overrated in Times of Crisis

Investing August 14, 2025

Big Investors Are Betting on This ‘Unlisted’ Stock

Make Money August 14, 2025

xAI Cofounder Says He Learned 2 Major Lessons From Elon Musk

Make Money August 14, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

The 10 Fastest Growing Remote Careers Right Now — and 10 Companies Hiring

August 15, 20250 Views

Clicks to Cash: 15 Websites and Apps to Suit Every Seller

August 15, 20250 Views

Jesse Itzler and Devon Levesque on the Mad Fun of Runningman

August 14, 20250 Views

Why Transparency Is Overrated in Times of Crisis

August 14, 20250 Views
Don't Miss

Big Investors Are Betting on This ‘Unlisted’ Stock

By News RoomAugust 14, 2025

Disclosure: Our goal is to feature products and services that we think you’ll find interesting…

xAI Cofounder Says He Learned 2 Major Lessons From Elon Musk

August 14, 2025

How The 2025 Budget Act Accelerates Social Security’s Insolvency

August 14, 2025

The Surprising Financial Impact of Delaying Retirement by a Year

August 14, 2025
About Us

Your number 1 source for the latest finance, making money, saving money and budgeting. follow us now to get the news that matters to you.

We're accepting new partnerships right now.

Email Us: support@isafespend.com

Our Picks

Action Now to Protect Benefits

August 15, 2025

The 10 Fastest Growing Remote Careers Right Now — and 10 Companies Hiring

August 15, 2025

Clicks to Cash: 15 Websites and Apps to Suit Every Seller

August 15, 2025
Most Popular

Retired? Time To Put Your Wisdom To Work

December 17, 20247 Views

Stock Market Risks October Sell-off

August 5, 20235 Views

Forget Competitors — Scammers Posing as Your Brand Could Be Your Real Risk

August 13, 20252 Views
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 iSafeSpend. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.