Acquisition of design software company Figma Inc. by Adobe Inc. of US$ 20,000 million is facing review by European Union authorities. This will be the company’s largest buying operation.

Currently, regulators around the world are still researching mega-operations in the digital economy.

The European Commission reported on its website that it had set August 7 as a provisional deadline to decide whether to open an in-depth investigation into the acquisition or allow it.

(See: The European Union will protect its economy from risk).

The Commission’s website, which was updated on Monday, says just that The operation was notified on June 30. The deal will give US software company Adobe control of leading web design platform Figma, in a move dubbed “transformational” by Adobe Chairman and CEO Shantanu Narayen.

Among the competitors from FigThis includes services provided by Adobe, such as Premiere Pro CC and XD products.

We remain confident in this case, as Figma’s product design is adjacent to Adobe’s core creative products and Adobe has no significant plans to compete in the product design space, said a company spokesperson.

“We hope to establish these facts in later phases of the process”.

Adobe’s massive deal is already under the scrutiny of UK competition authorities, and the joining party has also submitted information to the US Department of Justice, as a way of getting a regulatory green light.

(See: European Union vetoes Chinese equipment from Huawei and ZTE).

Attempts from UK and US regulators to block Microsoft Corp’s proposed acquisition of game developer Activision-Blizzard.

For $69 billion, they have increased oversight of digital operations making headlines around the world.

AMicrosoft’s appeal against the decision by the US Federal Trade Commission and the UK Competition and Markets Authority is now being heard in domestic courts.

(See: European Union agrees to regulate use of AI: what the project says).

Bloomberg