US Justice Department requests more info from Adobe on $20b Figma buy
The Department of Justice is closely inspecting Adobe's eye-wateringly expensive purchase of web-first collaboration design startup Figma after making a second request for information from the pair.and sent some corners of the creative industry into meltdown over concerns Adobe will merge the new plaything with its XD software and up the price list.
According to some reports, the DoJ has spent time contacting customers, competitors, and Figma's venture capital backers to collate views on the sale with a possible antitrust investigation in the offing. In a filing with the Securities and Exchange Commission this week, Adobe said it and Figma filed a notification and report form in relation to the Hart-Scott-Rodino Antitrust Improvements Act with the DoJ and Federal Trade Commission on October 14. This is paperwork that must be filed and approved before mergers, acquisitions or transfers of security and assets can be completed.
"On November 14, 2022, the parties each received a Request for Additional Information and Documentary Material from the DoJ with respect to the transaction,"As such, the sale is not allowed to be completed until 30 days after Adobe and Figma have responded with additional data or answers to questions.
Danmark Seneste Nyt, Danmark Overskrifter
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