EU Commission issues objections to Adobe’s $20B Figma acquisition

The EU Commission has issued a Statement of Objections regarding Adobe’s  proposed $20 billion acquisition of web-based collaborative design company Figma.

The Statement of Objections is  part of an ongoing investigation the Commission launched after Adobe announced its intention to buy Figma, looking into concerns that if the transaction were to go ahead, it could affect competition in the product-design software market.

In its statement, the Commission outlined a number of concerns around the deal, primarily that the acquisition has the potential to not only reduce competition in the market for interactive product-design applications, but also for vector- and raster-editing tools.

Figma is the clear market leader for interactive product design tools, and Adobe one of its largest competitors, the Commission said. “The transaction is likely to create a dominant player by combining these market positions,” the Commission said.

Highlighting concerns around vector- and raster-editing tools, the Commission said that while Figma currently “exerts a significant constraining influence on Adobe’s vector editing tool,” by acquiring the company, Adobe would be able to eliminate Figma as a potential competitor.

Adobe has not yet returned a request for comment.

Copyright © 2023 IDG Communications, Inc.

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