Adobe announced its plan to acquire Figma, a platform that enables users to collaborate on app and website design, last year in September for $20 billion. However, the deal has been under regulatory investigation in the UK and is also being scrutinised by the US Department of Justice and the European Union. According to Britain's competition regulator, Adobe's $20 billion acquisition of Figma, a cloud-based designer platform, could potentially harm innovation in the digital design market in the UK.
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Adobe’s $20 billion acquisition of Figma could harm the market, says UK regulator
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November 29, 2023