The Competition and Markets Authority has found that the proposed Adobe-Figma merger could potentially negatively affect the UK digital economy.
The CMA found that this acquisition is restricting some digital apps, websites and other products in the country, ultimately harming the country’s digital economy as businesses using these tools get affected.
Adobe is well known in the global software industry and specialises in photo editing, video editing, motion designing and other such interactive content tools while the 2012-founded Figma is a leader in screen designing and whiteboarding tools.
Screen designing software is crucial for making digital products and they are extensively used for making websites and applications. In September last year, Adobe announced that they are buying Figma for $20 billion.
