Adobe Inc.'s proposed $20 billion acquisition of Figma is facing antitrust scrutiny from the European Union. The EU's preliminary investigation suggests the deal could significantly reduce competition in the market for interactive product design and editing tools. The EU Commission has issued a statement of objections, highlighting concerns over Figma's potential to become a strong competitor to Adobe's Illustrator and Photoshop. Adobe and Figma have the opportunity to respond and propose solutions before the final ruling on February 5th. Regulatory challenges are also emerging in the UK and the US for Adobe.