Adobe to defend Figma deal at December 8 EU hearing

Adobe will aim to counter EU antitrust charges that its proposed $20 billion acquisition of cloud-based designer platform Figma hurts competition at a closed hearing on Dec. 8, two people familiar with the matter said on Wednesday.

The European Commission two weeks ago warned that the deal may reduce competition in the global market for the supply of interactive product design software where market leader Figma competes with Adobe.