European Union: Announced European Commission investigation into the proposed acquisition of Figma by Adobe

On 7 August 2023, the European Commission announced it had opened an in-depth investigation of Adobe’s proposed acquisition of Figma. In particular, the Commission will examine whether the transaction may allow Adobe to restrict competition in the global markets for the supply of interactive product design tools and the supply of digital asset creation tools. In addition, the Commission will investigate whether the transaction may foreclose rival providers of interactive product design tools by bundling Figma with Adobe's Creative Cloud suite. The Commission has until 14 December 2023 to adopt a decision regarding the transaction.