UK regulator: Adobe's $20 billion acquisition of Figma would harm competition

The UK competition watchdog said in news on November 28 that Adobe, the owner of Photoshop, has acquired the cloud-based designer platform Figma for $20 billion, which may be used by the vast majority of UK digital designers. The deal will eliminate competition and remove Figma from the threat from Adobe's flagship Photoshop and Illustrator products, according to the UK Competition and Markets Authority (CMA). These are the preliminary findings of an in-depth investigation launched by the CMA in July when Adobe refused to offer concessions to allay its concerns. The CMA said its findings were provisional and it was willing to work with the agency before making a final decision. consultations with interested parties.

This site reported earlier that EU regulators have formally filed antitrust charges against the deal, believing that if the deal is successful, it may "significantly reduce" interactive product design tools, vector editing tools and raster editing Tools compete in the global market. At the same time, it is also rumored that the U.S. Department of Justice is preparing to file an antitrust lawsuit to block the deal

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