Adobe Figma deal: US prepares antitrust lawsuit to block Adobe plan to buy Figma

United States Department of Justice is preparing an antitrust lawsuit to block software makers Adobe Inc’s $20 billion bid for a cloud-based design platform figsThis was reported by Bloomberg News on Thursday, citing sources familiar with the situation.

According to Bloomberg, the lawsuit could be filed as early as next month.

In response to the report, Adobe stated that they and Figma work in different product areas, with Figma focusing on interaction design.

“We are in constructive and collaborative discussions with US, UK and EU regulators, among others. We continue to expect the transaction to close in 2023,” the company said in a statement.

The Justice Department declined to comment.

Adobe shares fell in post-market trading after this story was released.

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Adobe that makes Photoshopsaid in September that it would buy Figma as investors were concerned about the high price.

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