(Reuters) – The $20 billion acquisition deal between Adobe and cloud-based designer platform Figma has been referred to an in-depth investigation by Britain’s antitrust regulator. The Competition and Markets Authority (CMA) raised concerns about the deal potentially limiting choice for designers and affecting the supply of screen design software, where both companies compete. Adobe has informed the CMA that it will not provide any remedies to address these concerns, prompting the regulator to launch a comprehensive probe.
The CMA previously gave Adobe five working days to propose solutions to alleviate the concerns. However, on July 7, Adobe officially informed the CMA that it would not offer any remedies. Figma, the cloud-based collaborative design platform, has yet to comment on the situation. In June, when the CMA first expressed concerns, an Adobe spokesperson directed Reuters to the company’s previous response.
Figma’s web-based platform for collaborative design and brainstorming is highly popular among tech companies, including notable names like Zoom Video Communications, Airbnb, and Coinbase.
Reporting by Yadarisa Shabong in Bengaluru; Editing by Nivedita Bhattacharjee
Credit: The Star : Tech Feed
