United Kingdom: Opened consultation on Competition and Markets Authority investigation into proposed acquisition of Figma by Adobe
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Description
Opened consultation on Competition and Markets Authority investigation into proposed acquisition of Figma by Adobe
On 4 May 2023, the public consultation opened on the Competition and Markets Authority's decision to open an investigation into proposed acquisition of Figma by Adobe until 18 May 2023. The CMA aims to determine whether the acquisition would result in a substantial lessening of competition in the product design software market. Figma provides web-based collaborative tools for designing products. Adobe offers software, including product design software such as Adobe XD. The CMA stated that it would decide whether to open a Phase 2 investigation by 30 June 2023.
Original sourceScope
Policy Area
Competition
Policy Instrument
Merger control regulation
Regulated Economic Activity
software provider: other software
Implementation Level
national
Government Branch
executive
Government Body
competition authority
Complete timeline of this policy change
Hide details
2023-05-03
under deliberation
2023-05-04
in consultation
2023-05-18
processing consultation
2023-06-30
under investigation
2023-11-28
in consultation
2023-12-18
concluded