Bloomberg is reporting Adobe's proposed acquisition of design software company Figma for $20 billion is currently facing regulatory scrutiny from European Union (EU) officials who are examining if the deal raises competition concerns in the digital economy sector. Source: Figma The European Commission, which oversees competition policy in the EU, has set a provisional deadline of August 7 to decide whether they will go ahead with an in-depth investigation into the acquisition, or if they will clear it. This decision will likely hinge on whether they believe the acquisition will negatively impact competition in the design software market. Adobe's CEO, Shantanu Narayen, describes the acquisition as transformational. It is intended to give Adobe control of Figma, a world-leading web design platform. Some of Figma's main competitors include Adobe's own XD products.