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462 Adobe’s $20bn Figma deal will harm competition, says UK regulator

UK Tech News
Oscar Hornstein @ UK Tech News 1 place · 11/29/2023 05:50 EDT

Adobe’s $20bn Figma deal will harm competition, says UK regulator

The UK competition regulator is expected to block Adobe’s $20bn deal to acquire design software firm Figma after finding it would likely harm the sector. The Competition and Markets Authority (CMA) in its provisional report, following an in-depth probe in July, said the deal would harm innovation for software used by the “vast majority” of ...

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