Adobe’s $20 Billion Figma Deal Faces EU Probe as Scrutiny Grows

Adobe Inc.’s $20 billion takeover of design startup Figma Inc. is on course for an in-depth investigation from European Union merger regulators, adding to growing global scrutiny of the deal dubbed by Adobe’s boss as “transformational.”

Adobe won’t propose remedies to fix potential competition concerns, meaning an in-depth investigation from the EU’s competition branch is forthcoming, according to two people familiar with the matter.

So-called phase 2 probes add about 90 working days to deal reviews. Regulators typically demand remedies to solve competition concerns but sometimes also decide to give their unconditional approval if initial concerns are shown to ...