UK Regulator Launches Investigation into Adobe's $20 Billion Figma Acquisition

Britain's competition regulator may refer Adobe's $20 billion buyout of Figma to a deeper investigation due to concerns about reducing innovation.
The Competition and Markets Authority found that the deal could limit choice for designers of digital apps and websites, particularly in the supply of screen design software.
The regulator is concerned that the deal could reduce competition and choice for designers.
The CMA has asked Adobe to propose solutions to address its concerns or the CMA may launch a deeper investigation and potentially block the deal.
The European Commission and the U.S. Department of Justice are also investigating the merger on competition grounds.