https://techcrunch.com/2023/06/30/uk-readies-in-depth-investigation-into-adobes-20b-figma-acquisition/

The U.K.’s Competition and Markets Authority (CMA) has provisionally concluded that Adobe’s proposed $20 billion bid for digital design rival Figma could result in a “substantial lessening of competition” in the U.K for designers.

As a result of its initial findings, the CMA is progressing the case to an in-depth “phase 2” investigation, albeit the parties concerned have five days to submit proposals that address the CMA’s concerns.