UK announces in-depth probe of Adobe's $20 billion Figma deal


FILE PHOTO: A logo of Adobe Inc. is pictured at the company's office in Citywest Business Campus, Saggart, Ireland October 19, 2021. REUTERS/ Tom Bergin

(Reuters) -Britain's antitrust regulator on Thursday announced an in-depth probe of Adobe's $20 billion bid for cloud-based designer platform Figma, after the Photoshop owner said it would not offer any remedies to ease the regulator's concerns.

The Competition and Markets Authority (CMA) said late last month it had found the deal could lead to less choice for designers of digital apps, websites and other products, and identified concerns in the supply of screen design software, where the companies compete.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Strategy and bitcoin-buying firms face wider exclusion from stock indexes
Paris court rejects French government request to suspend Shein's website for 3 months
YouTube largely back up after being down for thousands of users, Downdetector shows
Temu-owner PDD Holdings appoints co-CEO Zhao as co-chairman of board
Google Cloud lands deal with Palo Alto Networks 'approaching $10 billion,' per source
Russian defense firms targeted by hackers using AI, other tactics
People watched 700 million hours of YouTube podcasts on TV in October
Riot has a secret plan to remake its ‘League Of Legends’ game
Tesla drivers are buying escape tools and�cars�to avoid getting trapped inside
CelcomDigi upgrades One plan with 500Mbps home fibre Internet, starting at RM240 a month

Others Also Read