Tag: Adobe $20 billion deal

[ad_1] The US Justice Department is investigating Adobe Inc.’s $20 billion deal to buy design software startup Figma Inc. The US Justice Department is investigating Adobe Inc.'s $20 billion deal to buy design software startup Figma Inc., according to a person familiar with the matter, a sign the companies could face a drawn-out review of the deal. The agency has begun talking to Figma's customers and rivals as part of a probe to determine whether the transaction will hurt competition, the person said, asking not to be identified discussing an ongoing investigation. Adobe said it's “engaged in productive discussions with regulators to ensure they have a full understanding of the combination.” Adobe's Figma deal, which carried the largest price tag for a private software maker ev...