The CMA also identified concerns in the provision of creative design software, where Adobe offers some of the leading tools for image, video, and animation content. The CMA found that competition between Figma and Adobe has driven investment in updating and developing screen design software, and this important rivalry could be lost if the deal goes ahead.
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The CMA found that Figma has established a substantial share of the market for screen design software and that Adobe has been continuously investing in and competing in this segment.
The Competition and Markets Authority (CMA) has identified concerns in the supply of screen design software, where Adobe’s and Figma’s products compete. Adobe announced it would acquire Figma for $20 billion in September 2022. Screen design software is an increasingly essential tool that enables users to design digital products and services such as applications and websites. Figma, which was founded in 2012, is a leading provider of screen design and whiteboarding tools. Otherwise, the investigation will proceed to an in-depth phase 2 review.Īdobe is a global software developer and specialises in products which allow customers to create and edit images (including its industry-standard Photoshop and Illustrator applications), as well as video, motion design, and interactive content.Adobe has five working days to submit proposals to address the CMA’s concerns.Initial investigation finds Adobe’s purchase of Figma could reduce innovation.
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