Adobe announced its plan to acquire Figma, a platform that enables users to collaborate on app and website design, last year in September for $20 billion. However, the deal has been under regulatory investigation in the UK and is also being scrutinised by the US Department of Justice and the European Union. According to Britain’s competition regulator, Adobe’s $20 billion acquisition of Figma, a cloud-based designer platform, could potentially harm innovation in the digital design market in the UK.
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Adobe’s $20 billion acquisition of Figma could harm the market, says UK regulator
Adobe announced its plan to acquire Figma, a platform that enables users to collaborate on app and website design, last year in September for $20 billion. However, the deal has been under regulatory investigation in the UK and is also being scrutinised by the US Department of Justice and the European Union. According to Britain’s competition regulator, Adobe’s $20 billion acquisition of Figma, a cloud-based designer platform, could potentially harm innovation in the digital design market in the UK.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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