A PYMNTS Company

Adobe Faces In-Depth Probe By UK Regulator Over Figma Acquisition

By  |  July 13, 2023

Adobe’s $20 billion acquisition of Figma has been referred to an in-depth probe by the UK regulator, the Competition and Markets Authority (CMA). 
The CMA raised concerns that the deal “could mean less choice for designers of digital apps, websites, and other products.” According to the regulator, as Adobe had also been investing heavily in such design sectors itself, there could be a “loss of important rivalry” should the company ultimately buy Figma.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    However, Adobe has refused to offer any remedies to address the CMA’s concerns. A spokesperson for Adobe said: “We look forward to establishing these facts in the next phase of the process and successfully completing the transaction.”

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Read more: UK Watchdog Says Adobe Acquisition Of Figma Threatens Innovation

    The CMA identified concerns in the supply of screen design software, where the two companies compete. Figma’s web-based collaborative platform for designs and brainstorming is hugely popular among tech firms, including Zoom Video Communications, Airbnb, and Coinbase. The EU will also decide by August 7, whether to give the acquisition green-light or not, reported Reuters. 

    Figma’s popularity and the concerns raised by the CMA illustrate the importance of the platform in the design world. However, securing a merger or takeover of one of the market’s most important players is proving questionable. As Adobe and Figma engage in a game of chess, the UK regulator steps in to make sure that completing the acquisition won’t mean sacrificing a key competitive edge in terms of choice.