Adobe on Monday shelved its $20-billion cash-and-stock deal for cloud-based designer platform Figma.
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Regulators are probing Adobe’s cancellation rules for software subscriptions, long a bugbear of customers.
Adobe’s $20-billion bid for cloud-based designer platform Figma will face a full-scale EU antitrust probe, sources said.
European antitrust regulators are preparing to launch a formal investigation into the deal, the FT said.
The US department of justice is preparing to open an investigation into the $20-billion takeover, Politico reported.
Adobe is tweaking its most famous product to work more like the design tool it committed $20-billion to acquire.
Investors have argued that Adobe overpaid for a company that was valued at about $10-billion in a private fundraising a little over a year ago.
Adobe has agreed to buy software design start-up Figma in a deal valued at $20-billion to help it expand tools for creative professionals.