Adobe prepares plan to save deal from EU veto

Creative acquisition: A graphic designer speaking about Adobe software at an event in the United States. Adobe is attempting to take over competitior Figma. — AP

LONDON: Adobe Inc officials are rushing to finish a proposal to address concerns from European competition regulators who are threatening to block the company’s record US$20bil acquisition of Figma Inc, according to people familiar with the process.

The initial offer may include a commitment not to tie Figma into Adobe’s Creative Cloud package, a bundle of the company’s products, and a potential divestment of Adobe XD, which competes with Figma, said the people, who asked not to be identified because the negotiations are confidential. Lawyers and executives from both companies are preparing to fly to Brussels for Dec 8 meetings with the European Union to discuss the proposal.