CMA finds competition concerns in Adobe’s acquisition of Figma

The Competition and Markets Authority (CMA), upon conducting a Phase 1 investigation, found competition concerns regarding the acquisition of Figma Inc. by Adobe Inc., in the supply of screen design software where the two companies compete. Further, CMA is concerned that the transaction could threaten the innovation in the creative design software sector where Figma Inc. is an emerging competitive threat to Adobe Inc. The CMA has given Adobe Inc. time to submit proposals to address the competition concerns, failing which Phase 2 investigation will be initiated by the CMA.