UK’s CMA said deal would threaten competition in the product design, image editing and illustration markets
Adobe has abandoned its $20bn (£15.8bn) takeover of its smaller rival Figma, after European and UK regulators raised concerns that it would eliminate competition in the product design software market.
The Photoshop owner, which dominates the market with products including Illustrator and Acrobat Reader, said the two companies had come to a joint assessment that there was “no clear path” to regulatory approval.
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UK’s CMA said deal would threaten competition in the product design, image editing and illustration markets
Adobe has abandoned its $20bn (£15.8bn) takeover of its smaller rival Figma, after European and UK regulators raised concerns that it would eliminate competition in the product design software market.
The Photoshop owner, which dominates the market with products including Illustrator and Acrobat Reader, said the two companies had come to a joint assessment that there was “no clear path” to regulatory approval. Continue reading…Technology | The Guardian