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Adobe makes voluntary filing for its acquisition of Figma at request of South Korean regulator

By Wooyoung Lee ( October 11, 2023, 06:47 GMT | Insight) -- Adobe has made a voluntary filing for its proposed acquisition of Figma at the request of the South Korean competition regulator. Although the deal doesn’t meet the merger threshold under South Korean competition law, the regulator asked Adobe to make a voluntary filing due to concerns the merger could potentially stifle market innovation. While the agency has requested companies not meeting the merger threshold to report their deals to the regulator before, this marks the first time it has done so for a deal in the digital technology sector.US software giant Adobe has made a voluntary filing for its proposed acquisition of Figma at the request of the South Korean competition regulator....

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