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Adobe’s $20B Figma acquisition falls on UK antitrust radar
https://techcrunch.com/2023/05/03/adobes-20b-figma-acquisition-fall-on-uk-competition-radar/
The U.K.’s competition authority is adding Adobe’s proposed $20 billion bid for digital design rival Figma to its ever-growing to-do list.
The Competition and Markets Authority (CMA) confirmed today that it’s launching an initial “phase 1” merger inquiry, with the relevant stakeholders given a two-week period to provide comment.