Adobe-Figma deal likely to result in “Reverse Killer Acquisition”: EC

The European Commission (EC) issued a statement of objections to Adobe’s acquisition of Figma, as it is of the opinion that the acquisition is likely to impact the competition in the global markets for the supply of interactive product design software. The EC noted that, at present, Figma is the clear market leader & Adobe one of its largest competitors, & that the transaction will result in the discontinuation of Adobe’s own interactive product design tool, so as to constitute a “Reverse Killer Acquisition”.