Adobe’s $20 bn bid for Figma may face antitrust lawsuit

The U.S. Justice Department is preparing an antitrust lawsuit to block software maker Adobe’s $20 billion bid for cloud-based designer platform Figma, Bloomberg News report said.
Adobe MaxAdobe and Figma are in different product areas, with Figma focusing on interactive designs, Adobe said.

“We are engaged in constructive and cooperative discussions with regulators in the US, UK and EU among others. We continue to expect to close the transaction in 2023,” Adobe said in a news statement.

Adobe, which makes Photoshop, said in September it would buy Figma, with investors concerned about the hefty price tag.

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