Technology

U.S. preparing antitrust suit to block Adobe plan to buy Figma -Bloomberg News

FILE PHOTO: Adobe logo is seen on smartphone in this illustration taken June 13, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) - The U.S. Justice Department is preparing an antitrust lawsuit to block software maker Adobe Inc's $20 billion bid for cloud-based designer platform Figma, Bloomberg News reported on Thursday, citing people familiar with the matter.

The lawsuit could come as early as next month, Bloomberg reported.

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