Adobe’s Figma Takeover Deal Will Require EU Antitrust Approval, Regulators Say

Adobe’s Figma Takeover Deal Will Require EU Antitrust Approval, Regulators Say

ByNews Polite

Adobe will need to secure European Union antitrust approval for its $20 billion (roughly Rs. 16,55,000 crore) bid for cloud-based designer platform Figma even though the deal falls short of the EU turnover threshold for a review, EU regulators said on Wednesday. The move by the European Commission underlines regulators’…

Adobe Is Nearly Closing a Deal to Acquire Figma for $20 Billion: Report

Adobe Is Nearly Closing a Deal to Acquire Figma for $20 Billion: Report

ByNews Polite

Adobe is nearly closing a deal to acquire Figma, a US-based startup that makes online design collaboration tools. As per reports, the deal could be closed for about $20 billion as Adobe is looking to expand its portfolio of collaboration-focused platforms geared for the hybrid-work era. The premier software firm…