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Evening Standard
Evening Standard
Business
Daniel O'Boyle

Competition watchdog investigates Adobe’s $20 billion deal to buy web design software firm Figma

Adobe Figma CMA

Monopolies watchdog the Competition and Markets Authority will investigate Adobe’s $20 billion acquisition of web design software firm Figma to find out if it would lead to a “substantial lessening of competition”.

Photoshop owner Adobe agreed to acquire Figma in September of last year, paying $20 billion in cash and stock. Figma’s web design tools compete with Adobe’s own product XD.

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