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Europe confirms in-depth probe for Adobe’s $20B Figma acquisition

Europe confirms in-depth probe for Adobe’s $20B Figma acquisition

The European Commission (EC) has confirmed that it’s opening an in-depth investigation into Adobe’s proposed $20 billion bid for digital design software rival Figma. The Commission said that the acquisition “may reduce competition in the global markets for the supply of interactive product design software and for digital asset creation tools.” First announced last September,…