BRUSSELS, Nov 14 (Reuters) – Adobe’s (ADBE.O) $20 billion bid for cloud-based designer platform Figma will face an antitrust warning from the EU in coming days, three people familiar with the matter said, a move that would accelerate putting pressure on the Photoshop maker to offer solutions.
Technology deals around the world have recently led to increased scrutiny from competition authorities, amid fears that some larger companies are acquiring rival startups to shut them down or increase their market power.
The European Commission is preparing a statement of objections that it will send to companies in the coming days, the people said.
Such documents or charge sheets set out the EU competition watchdog’s concerns about why deals could be anti-competitive.
The EU agency opened a major investigation into Adobe’s proposed takeover in August, saying it could reduce competition in global markets for interactive product design tools and also lock out rivals.
The Commission and Adobe, which can offer solutions to avoid the EU’s warning, declined to comment.
Some companies prefer to wait for a statement of objections so that they know the precise regulatory concerns before making concessions.
San Francisco-based Figma’s web-based collaborative design and brainstorming platform is used by tech companies such as Zoom Video Communications (ZM.O), Airbnb (ABNB.O) and Coinbase (COIN.O).
The Commission will decide on the deal by February 5.