The European Commission and the UK Competition and Markets Authority (CMA) launched an investigation into the acquisition of Figma, Inc. by Adobe Inc.
The European Commission stated that the investigation was initiated on suspicion that the transaction may lessen competition in the global markets for interactive product design software and digital asset creation tools. As a result of its preliminary investigation, the Commission found that the transaction may restrict competition in Adobe's global markets. In addition, the Commission detected that;
The Commission also announced that it would examine in more detail whether the transaction excluded competing providers of interactive product design tools.
The CMA, on the other hand, completed the first phase and decided to proceed to the second phase and initiate an investigation based on concerns that the merger could lead to a substantial lessening of competition in the UK market. In the first phase, the CMA found that;
The CMA notified the parties of its competitive concerns. Finally, it stated that if these concerns are not addressed by the parties through commitments, the investigation will continue in the second phase.
(European Commission - CMA – 07.08.2023 - 03.05.2023)
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