BRUSSELS, Nov 14 Reuters Adobe39;s 20 billion bid for cloudbased designer platform Figma is set to face an EU antitrust warning in the coming days, three people familiar with the matter said, a move that would ratchet up pressure on the Photoshop maker to offer remedies.
Tech deals around the world have recently attracted tougher antitrust regulatory scrutiny amid fears that some bigger companies may be acquiring rival startups to shut them down or boost their market power.
The European Commission is readying a statement of objections to send to the companies in the coming days, the people said.
Such documents or charge sheets set out the EU competition watchdog39;s concerns on why deals could be anticompetitive.
The EU agency opened a fullscale investigation into Adobe39;s proposed acquisition in August, saying that it could reduce competition in global markets for interactive product design tools and also shut out rivals.
The Commission and Adobe, which can offer remedies to stave off the EU warning, declined to comment.
Some companies prefer to wait for a statement of objections so that they know the precise regulatory worries before they offer concessions.
San Franciscobased Figma39;s webbased collaborative platform for designs and brainstorming is used by tech companies such as Zoom Video Communications, Airbnb and Coinbase.
The Commission is due to decide on the deal by Feb. 5.
Reporting by Foo Yun Chee; Editing by Susan Fenton
Source Reuters