The UK’s Competition and Markets Authority (CMA) has announced plans to conduct an in-depth investigation into Adobe’s acquisition of Figma due to concerns about a potential reduction in competition for screen design software. The CMA has given both companies five business days to propose binding solutions to address these concerns. If the response is unsatisfactory, the investigation will proceed. Figma, established as a significant player in the market, is seen as a competitive threat to Adobe, and the CMA is concerned about the potential negative impact on innovation, costs, and product offerings. Adobe’s acquisition of Figma, valued at $20 billion, would be the largest in the company’s history.
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