The UK’s Competition and Markets Authority (CMA) has announced that Adobe’s proposed $20 billion acquisition of digital design rival Figma could lead to a “substantial lessening of competition” in the UK for designers. As a result, the CMA will conduct a phase 2 investigation, although Adobe and Figma have the option to submit proposals addressing the CMA’s concerns. The investigation follows similar probes by the European Commission and the US Department of Justice. The CMA’s initial report highlighted the differences between Adobe’s creative design software suite and Figma’s screen design software, but noted the potential impact on competition in the market.
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