UK watchdog slams the brakes on Adobe’s $20 billion bid for Figma

An illustration containing black Adobe logos in front of white Figma logos on a red background. Adobe and Figma have until December 19th to respond with potential remedies. | Illustration by Kristen Radtke / The Verge

Adobe’s conquest of the creative software industry appears to be facing some difficulties following an in-depth investigation by the UK’s competition watchdog. The Competition and Markets Authority (CMA) has provisionally determined that Adobe’s proposed $20 billion bid for the cloud-based product design platform Figma would harm the product design software market and has effectively blocked the deal until competitive concerns are addressed.

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