Adobe's $20 Billion Figma Acquisition Likely To Face EU Investigation - Slashdot
source link: https://slashdot.org/story/23/06/21/062242/adobes-20-billion-figma-acquisition-likely-to-face-eu-investigation
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Adobe's $20 Billion Figma Acquisition Likely To Face EU Investigation
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Now, the Brussels-based Commission will open a phase II investigation, per the FT. Generally, anti-competition probes are handled at the phase I level, which accounts for 90% of all cases, according to EU internal data. In comparison, a phase II analysis takes more time and goes deeper. By the Commission's description, a phase II investigation "typically involves more extensive information gathering, including companies' internal documents, extensive economic data, more detailed questionnaires to market participants, and/or site visits." From the start of such a probe, the regulatory body has 90 days to make a decision.
The EU Commission would not directly confirm its plans to investigate the Adobe/Figma merger. In an email, spokesperson Marta Perez-Cejuela told Gizmodo, "this transaction has not been formally notified to the Commission." Such notification is a requirement before any investigation can move forward. Commission officials requested that Adobe submit an official notification in February. Despite the Commission's lack of formal announcement, an EU probe into the acquisition is expected. Already the U.S. Department of Justice and the United Kingdom's Competition and Markets Authority are looking into the digital design tool deal. The DOJ is reportedly preparing to file an antitrust suit blocking the merger, while the UK CMA is actively investigating the acquisition, with a first decision due by the end of June.
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