The European Union has officially launched an investigation into Adobe’s $20 billion acquisition of Figma. Moreover, the investigation was shaped to be more detailed than other investigations.
The digital design world awoke to a rock-shattering news in September 2022. Adobe, the developer of dozens of design and editing programs, is a direct competitor of XD software. will buy Figma had explained.
The value of the said purchase was shared as 20 billion dollars. Although the acquisition is expected to be completed in 2023, today, This is news that will shatter expectations. came.
The European Union launched an investigation into the purchase:
According to the information obtained by The Financial Times from 4 sources on the subject, the European Union’s antitrust regulators are considering Adobe’s acquisition of Figma. official investigation started. The reason for the investigation was concern that purchasing in the industry would lead to less innovation and higher prices.
But the factor that made this matter more serious was the decision of the regulators. While many giant acquisitions are subject to investigations in the European Union, these are often “phase 1” investigations and take several months to complete.
Regulators, on the other hand, carry out this investigation. to escalate to “phase 2” investigation decided. This means that the investigation will be done in a much more detailed and naturally longer time. of the investigation even risking the purchase is stated.
The European Union thinks Adobe bought Figma to end the competition:
According to additional information from four sources, the EU considers Adobe’s acquisition a “lethal buy”. In other words, Adobe aims to end the competition by purchasing its small-scale competitor, which has been challenging itself in recent years.
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