Adobe's $20B Figma Deal: UK Competition Watchdog Launches In-Depth Investigation
Portfolio Pulse from Vandana Singh
The UK's Competition and Markets Authority (CMA) has launched a detailed investigation into Adobe Inc's $20 billion acquisition of Figma, a cloud-based design platform. The CMA had previously expressed concerns that the merger could reduce choices for digital apps, websites, and product designers. Adobe declined to propose any solutions to these concerns. The company continues to face global antitrust resistance to its proposed acquisition of Figma.
July 13, 2023 | 1:33 pm
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Adobe's proposed $20 billion acquisition of Figma is under investigation by the UK's CMA due to competition concerns. Adobe declined to propose any solutions to these concerns, and the company continues to face global antitrust resistance.
The investigation by the CMA into Adobe's acquisition of Figma could potentially delay or even halt the deal, which would have a negative impact on Adobe's expansion plans and future revenue growth. The company's refusal to propose solutions to the CMA's concerns could also negatively affect its reputation and investor confidence.
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