Wednesday, 22 November, 2023

EU Issues Statement of Objections to Adobe's Figma Acquisition, Citing Antitrust Concerns

In a significant development, the European Union has raised antitrust concerns over Adobe's acquisition of Figma, issuing a Statement of Objections. The EU scrutinizes the potential impact on market competition as Adobe's move to acquire Figma comes under regulatory scrutiny. This development adds a layer of complexity to the tech industry's landscape, prompting further investigation into the deal's implications on fair market practices.