Figma connects everyone in the design process so teams can deliver better products, faster. Adobe ( ADBE) has argued that the deal doesn't violate competition rules because Figma's isn't a true rival of Adobe's ( ADBE) product line. Figma: the collaborative interface design tool. Adobe ( ADBE ) is one of the biggest companies in the design software market due to its well-known products such as Photoshop and Illustrator, and announced its plan to acquire Figma with a combination of cash and stock in September 2022.Īccording to a report from Bloomberg, Adobe ( ADBE) officials met with the DOJ on Wednesday, and the Justice Department could file its suit against Adobe ( ADBE) as earlier as next week.įor its part, Adobe ( ADBE) has pushed forward with its acquisition plans, and has maintained that it still expects to complete the deal this year.įigma specializes in software used for designing apps and website, and is said to be a leader in the sector ahead of Adobe's ( ADBE) owns XD product. Justice Department is reportedly planning to file an antitrust lawsuit aimed at blocking Adobe's ( NASDAQ: ADBE) planned $20B acquisition of cloud-based web platform developer Figma.Īntitrust regulators are said to be concerned that the deal would give Adobe ( ADBE ) a near-monopoly in the market for design software that is used by creative professionals. Adobe’s 20 billion Figma deal is too expensive, and yet boss Shantanu Narayen is punished for losing it. Hapabapa/iStock Editorial via Getty Images
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