Britain’s competition watchdog is poised to block another multi-billion pound tech merger after it provisionally ruled that Adobe’s proposed acquisition of.
The British Competition and Markets Authority has made a preliminary decision that the proposed purchase of design software company Figma by Adobe would harm competition.
UK watchdog the Competition and Markets Authority has provisionally ruled that Adobe's $20.0bn deal to buy Figma would likely harm innovation for software used by the vast majority of British digital designers.
The UK's Competition and Markets Authority (CMA) has objected to Adobe's acquisition of graphic design company Figma, adding to the EU and US concerns about the deal.
The British Competition and Markets Authority has made a preliminary decision that the proposed purchase of design software company Figma by Adobe would harm competition.