UK Regulators May Refer Adobe’s $20 Billion Deal for Figma to Deeper Probe

Britain’s competition regulator on Friday said Photoshop owner Adobe Inc’s $20 billion buyout of cloud-based designer platform Figma may be referred to a deeper investigation as it could “reduce innovation”.

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

The CMA had said in May it was looking into the deal, announced in September last year.

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