UK Extends the Deadline on the In-Depth Probe Into Adobe’s $20 Billion Buyout of Figma

Britain’s competition regulator, on Wednesday, extended by eight weeks the deadline to complete its in-depth probe into Photoshop owner Adobe Inc’s $20 billion buyout of cloud-based designer platform Figma, to February 2024.

In July, the Competition and Markets Authority (CMA) launched an in-depth, or phase two, investigation into the deal after Adobe said it would not offer any concessions to ease the regulator’s concerns.

The CMA now has until Feb. 25 to conclude its investigation, compared to the earlier deadline of Dec. 27. The probe is being conducted by an inquiry group selected from independent experts.

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