Adobe’s $20 billion bid for Figma in peril after EU warning
Adobe’s $20 billion bid for Figma in peril after EU warning
www.theverge.com
Adobe’s $20 billion bid for Figma in peril after EU warning
10 comments
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what’s figma
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It's a prototyping tool. You use it to whip up something quick and get proper feedback before spending efforts on developing the actual thing.
Adobe XD and Figma were direct competing products. That's why XD's discontinuation by Adobe coupled with Figma's acquisition is seen as a sort of reverse killer acquisition.
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GOOD.
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🤖 I'm a bot that provides automatic summaries for articles: ::: spoiler Click here to see the summary Adobe has been issued with a formal antitrust complaint by EU regulators regarding its $20 billion bid for cloud-based product design platform Figma.
This highlights that EU officials believe Figma already exerts a “significant constraining influence” over Adobe’s Illustrator and Photoshop editing tools, and is “significantly likely” to grow into a competitive force within the market for vector and raster editing tools without the merger.
The statement of objections doesn’t prejudge the outcome of the EU’s investigation, which still has a deadline of February 5th.
A Figma spokesperson also told Bloomberg “We feel confident in our ability to resolve regulators’ concerns and will continue to engage in constructive conversations focused on the benefits this deal will create for consumers and Europe’s innovation economy.”
To date, both Adobe and Figma have reportedly not provided any remedies to address antitrust concerns raised by the investigation.
The UK’s Competition and Markets Authority is conducting a similar in-depth investigation, and the US Justice Department is also rumored to be preparing its own antitrust lawsuit to block the deal.
Saved 56% of original text. :::
10 comments
It’ll go thru because money but 🖕Adobe.
Seriously, Adobe is up there for having some of the most anti-consumer product policies ever.
They're a shit company that deserves to die.
Not sure how good it is but check out Penpot, a FOSS alternative to Figma:
https://penpot.app/