ADOBE’S $20 BILLION BID FOR FIGMA IN PERIL AFTER EU WARNING

Summary from the TLDR Design newsletter

EU regulators have filed a formal antitrust complaint against Adobe regarding its $20 billion acquisition of cloud-based design platform Figma. The European Commission reached a preliminary conclusion on Friday following an in-depth investigation launched on August 7th that the deal would lead to significantly reduced competition in the global market for interactive product design tools, vector editing tools, and raster editing tools.