The UK’s Competition and Markets Authority (CMA) has granted an eight-week extension to its investigation into Adobe Inc.’s $20 billion acquisition of cloud-based designer platform Figma. Initially set to conclude by December 27, the probe now extends until February 25, 2024. Adobe’s refusal to offer concessions prompted the in-depth investigation, with concerns centred on competition in product development, growth strategies, and market expansion. The inquiry group, comprised of independent experts, is meticulously evaluating the arguments presented by the companies. Figma, known for its web-based collaborative design platform, was acquired by Adobe in September 2022, marking a significant move in the software startup landscape.
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Lloyds Predicts Temporary Dip in UK House Prices
