Adobe's planned $20 billion purchase of Figma to see in-depth DOJ review - report
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- Adobe's (NASDAQ:ADBE) planned $20 billion acquisition of Figma is expected to see an in-depth antitrust review by the Dept. of Justice.
- The antitrust agency is said to be contacting customers and competitors of Adobe and Figma, according to a Politico report, which cited people familiar. The DOJ has issued civil investigative demands as part of its review of the deal.
- Adobe agreed to acquire collaborative design platform developer Figma for $20 billion in mid September, a deal that Wall Street seemed to immediately dislike. Adobe shares plunged 17% on the announcement of the Figma deal.
- Last month investment firm UBS said Wall Street had become "too negative" on the Figma deal.