EC opens investigation on Adobe-Figma Merger

The European Commission (EC) has opened an in-depth investigation into the proposed acquisition of Figma by Adobe. EC in its preliminary investigation found that the transaction is likely to reduce competition in global markets for supply of interactive product design tools (wherein Figma is the market leader and Adobe as one the largest competitors) & Supply of digital asset creation tools (wherein Adobe dominates the market and Figma has a constraining influence). Considering the loss of a significant player from the market and likelihood of bundling of services resulting in an unparallel competitive advantage, EC decided to open an in-depth investigation.