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UK regulator may refer Adobe's $20 billion Figma deal to deeper probe

2023-06-30 18:26
(Reuters) -Britain's competition regulator on Friday said Photoshop owner Adobe Inc's $20 billion buyout of cloud-based designer platform Figma could
UK regulator may refer Adobe's $20 billion Figma deal to deeper probe

Britain's competition regulator on Friday said Photoshop owner Adobe Inc's $20 billion buyout of cloud-based designer platform Figma could reduce innovation.

The Competition and Markets Authority (CMA) said the deal would be referred to a phase 2 investigation "unless the parties offer acceptable undertakings to address these competition concerns."

Adobe and Figma did not immediately respond to Reuters' request for comment.

(Reporting by Eva Mathews in Bengaluru; Editing by Janane Venkatraman)