Adobe's $20B takeover of Figma said to receive DOJ second request
Kimberly White


Adobe's (NASDAQ:ADBE) planned $20 billion purchase of Figma has moved to an in-depth review antitrust review by the Dept. of Justice.
The parties received a DOJ second request on Monday, according to a Dealreporter item.
The news comes after Politico reported earlier this month that Figma acquisition was expected to see an in-depth antitrust review. 

Adobe agreed to acquire collaborative design platform developer Figma for $20 billion in mid September, a deal that Wall Street seemed to immediately dislike. Adobe shares plunged 17% on the announcement of the Figma deal.
Last month investment firm UBS said Wall Street had become "too negative" on the Figma deal.