Together, our vision will help enable millions of consumers to transform their productivity with creativity. We are engaged in constructive and cooperative discussions with regulators in the US, UK and EU, among others," the spokesperson said in the email. Adobe is a leader in the creative tools space, helping millions of users create amazing visual content. Figma is a leader in interactive product design, focused on building a collaborative web platform. "Adobe and Figma focus on very different product areas today. "The combination of Adobe and Figma will deliver significant value to consumers, advance new product categories and technologies and create new market opportunities, and we've been delighted to hear from customers across the design space who tell us they are excited about the benefits the transaction will unlock," an Adobe spokesperson told CNBC in an email. Federal Trade Commission filed a lawsuit attempting to stop Microsoft from acquiring video game publisher Activision Blizzard for nearly $69 billion. have become more willing to take a hard line on large companies' efforts to expand. Adobe, which has offered the XD software-design tool that has failed to generate substantial revenue, plays a major role in the design software market.Ĭompetition authorities in the U.S. Adobe has said Figma would generate over $400 million in annualized recurring revenue in 2022.īut in buying Figma, which companies use to design apps and websites and collaborate on ideas, Adobe would also be taking a rising competitor off the market.
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