Adobe’s plan to acquire Figma has raised concerns in antitrust authorities1. July 2023
Adobe’s plan to acquire Figma has raised concerns in antitrust authorities
San Francisco, 6/30/2023
Adobe’s proposed $20 billion acquisition of Figma, a cloud-based designer platform, could lead to a wide-ranging antitrust investigation in the UK.
The country’s competition regulator has given companies five working days to propose “acceptable” solutions to their concerns or face another in-depth investigation.
Both Adobe and Figma offer software for designing digital apps and websites, with Figma challenging Adobe’s broader range of creative tools.
The UK’s Competition and Markets Authority (CMA) has raised concerns that the deal could result in less innovation, less choice and higher costs for businesses that rely on Figma and Adobe’s digital tools
In particular, the regulator pointed to possible limitations in the supply of screen design software, an area where Adobe and Figma are competitors.
In response, Photoshop maker Adobe said it had no intention of competing in the product design space and viewed Figma’s offerings as a complement to its core creative products.
The acquisition is also under review by antitrust authorities in the US and EU.