In a recent development, EU antitrust regulators have announced an extension of the decision deadline for Adobe’s proposed acquisition of the cloud-based designer platform Figma.
According to Reuters, the initial deadline has been pushed back by two weeks to January 8th, as indicated in a regulatory filing. This decision comes on the heels of the European Commission’s decision to launch a comprehensive investigation into the $20 billion deal.
The commission’s concerns revolve around the potential elimination of a significant competitor to Adobe, renowned for its Photoshop software. The investigation is rooted in apprehensions that the acquisition could grant Adobe undue influence, potentially leading to reduced competition and restricted market access for interactive product design tools on a global scale. This extended timeline allows regulators to meticulously assess the potential ramifications of the acquisition, weighing its implications for market dynamics and healthy competition within the industry.
As the review period extends, the tech and design communities await the regulatory decision with heightened interest, as it holds the potential to reshape the landscape of interactive design tools and their availability in markets worldwide.