- Politico reported on Wednesday that the U.S. Department of Justice will investigate Adobe Inc.’s $20 billion acquisition of Figma, citing four sources and a document.
- According to the article, the DOJ has been contacting Adobe and Figma consumers, rivals, and venture capital investors in recent weeks.
- Adobe emailed, “Adobe and Figma presently are not serious rivals.”
- “We are engaging in fruitful conversations with authorities to ensure they have a thorough understanding of the merger and anticipate to conclude the acquisition in 2023,” the business noted.
- Adobe’s $20 billion bid for Figma, a cloud-based design platform used by Zoom Video Communications and Airbnb Inc., worried investors.
