UK regulator plans probe into Adobe’s $20 billion Figma acquisition | Engadget

). Citing concerns about “a substantial lessening of competition” for screen design software, it plans to move into a “phase two” investigation. However, it’s giving the companies five business days to “offer legally binding proposals” to address the concerns; if their response doesn’t satisfy the CMA, the probe will begin.

Adobe’s purchase of San Francisco-based Figma, founded in 2012, would be the largest-ever acquisition for the 41-year-old design behemoth. In Sigma’s 11 years on the market, it has established itself as a popular tool for vector-based design. The cloud-based software specializes in remote collaboration and is a direct competitor to Adobe’s XD and Illustrator products.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission. All prices are correct at the time of publishing.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.K. regulator says Adobe’s $20 billion acquisition of Figma could reduce innovationAdobe’s $20 billion planned purchase of Figma could reduce innovation, the U.K. Competition and Markets Authority said Friday. The regulator said that Figma...
Source: MarketWatch - 🏆 3. / 97 Read more »

Planting seeds of peace: Will Columbus' $20 million youth investment cultivate safer streets?Nearly two dozen youngsters are spending their summer in a community garden, learning how to grow vegetables and make salsa.
Source: fox28columbus - 🏆 249. / 63 Read more »