UK regulators say Adobe's $20 billion Figma acquisition could harm competition
Publishing timestamp: 2023-11-28 10:06:35
Summary
The Competition and Markets Authority in the UK has expressed concerns that Adobe's proposed acquisition of Figma could harm the digital design sector. The regulator will investigate potential remedies and may block the acquisition. Adobe and Figma have disagreed with the findings and remain committed to the deal. The final decision will be issued by February 25, 2023.
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Keywords: internet, media, enterprise, breaking news: technology, antitrust regulation, mergers and acquisitions, technology, breaking news: business, adobe inc., business news,