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England blocks the $20 billion Adobe-Figma deal

  • November 29, 2023
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The largest graphics software company in the world Adobeannounced in September that it would acquire Figma, another graphics software company. announced. According to the statement made at the

England blocks the  billion Adobe-Figma deal

The largest graphics software company in the world Adobeannounced in September that it would acquire Figma, another graphics software company. announced. According to the statement made at the time, Adobe would pay $20 billion to acquire Figma.

However, a news story we shared with you last week mentioned this agreement can fall into the water because European Union officials had prepared a report and according to this report it was stated that the purchase agreement could harm competition in the sector. we reported. This time too United KingdomA similar move arose from the issue.

Prevents purchases from Great Britain

Adobe Figma

The Competition and Markets Authority, known as the UK Competition Authority (CMA) decided to block Adobe’s acquisition of Figma. CMA officials stated that this acquisition will eliminate competition in the graphics software industry. According to the CMA, a possible merger would involve Adobe’s Photoshop and Illustrator software. will leave you unchallenged.

The CMA also shared the considerations that would enable it to approve this acquisition. According to the statement, while Adobe acquired Figma, “overlapping services” will get rid of it. The point here is that Adobe cannot buy Figma if it already has Photoshop and Illustrator. Because the software offered by Figma is already compatible with Photoshop and Illustrator. big the same share. Let’s see what kind of response Adobe will get in the coming days…

Source: Web Tekno

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