The Competition and Markets Authority (CMA) has undertaken a comprehensive Phase 2 investigation into Adobe’s proposed $20 billion acquisition of Figma, a leading player in the global product design software market. In a press release made public this Tuesday, the Competition and Markets Authority Provisionally Concludes that Deal Would Stifle Innovation. Adobe and Figma are major contenders in the realm of software for app and web designers. The proposed acquisition has raised concerns about potential anti-competitive effects on the digital design sector, where both companies play pivotal roles. Margot Daly, chair of the independent group leading the investigation, stressed the…
CMA Sounds Alarm on Adobe’s Figma Acquisition, Citing Threats to UK’s £60 Billion Digital Design Sector

1 year ago