Adobe Executive Slams UK Competition Watchdog for Stifling Innovation

In a scathing rebuke, David Wadhwani, president of Adobe’s Digital Media business, has accused the UK’s Competition and Markets Authority (CMA) of hindering innovation by dragging its feet in the scrutiny of mergers and acquisitions. The allegations come in light of the CMA’s recent announcement that it anticipates blocking Adobe’s ambitious $20bn (£15.8bn) deal to acquire design software firm Figma. Wadhwani, speaking to The Times, expressed frustration with the prolonged regulatory process, stating, “The process should not take 15 months to get to this stage. I think we can all agree that expediting these kinds of decisions is important for…