DOJ is preparing to launch an antitrust lawsuit to block Adobe’s $20 billion acquisition of Figma
Figma is one of the world’s most famous design platforms, used by many designers worldwide to unleash their creativity. Adobe, as a developer of various creative software, aims to attract users and enrich its creative platform, as well as to fight against its competitors. Therefore, Adobe is willing to spend $20 billion to acquire Figma.
For Adobe, although the acquisition of Figma comes at a high cost, it will directly eliminate its strong competitor. However, the US Department of Justice is preparing to launch an antitrust lawsuit to prevent Adobe from acquiring Figma for $20 billion.
Figma has a direct competitive relationship with Adobe XD, and in the competition, Figma has greater advantages and is more favored by designers. For Adobe, a veteran creative company, it is undoubtedly difficult to accept. Since it cannot compete, it can use its financial resources to buy Figma.
Adobe claims that it will work with Figma to rethink the future of creativity and productivity, accelerate creativity on the network, promote product design, and inspire the inspiration of the global community of creators, designers, and developers. The merged company will have huge and rapidly growing market opportunities and capabilities, creating enormous value for customers, shareholders, and the industry.
When Adobe announced this news in September last year, it immediately faced opposition from many designers and design companies. Now, these objections have paid off: the US Department of Justice is preparing to launch an antitrust lawsuit next month.
According to sources familiar with the matter, Bloomberg reported that the US Department of Justice will file an antitrust lawsuit next month at the earliest, and as usual, the US Department of Justice has met with Adobe’s legal representatives before filing the lawsuit.
The US Department of Justice is concerned that Adobe’s acquisition of Figma will reduce the choices available to professional designers and will be detrimental to consumers and industry development.
Currently, neither the US Department of Justice nor Adobe has responded to this matter.