https://www.theguardian.com/commentisfree/2022/sep/24/adobe-cant-photoshop-out-the-fact-its-20bn-figma-deal-is-a-naked-land-grab

The software giant paying vastly over the odds for a small but strategically threatening company should alarm US regulators

The big tech news in a slow week was that the software giant Adobe is planning to pay the unconscionable sum of $20bn (£18bn) to acquire a small company called Figma. Why is this news? Well, first of all, there’s the price – way above any rational valuation of Figma. Second, there’s the question that we have finally learned to ask about tech mergers and acquisitions: is there a competition or antitrust issue here somewhere?