The CMA has a deadline of February 25th to make a final decision. | Illustration by Kristen Radtke / The Verge Adobe is, unsurprisingly, standing its ground after the UK’s competition watchdog slammed the brakes on its $20 billion...
The CMA has a deadline of February 25th to make a final decision. | Illustration by Kristen Radtke / The Verge
Adobe is, unsurprisingly, standing its ground after the UK’s competition watchdog slammed the brakes on its $20 billion plan to purchase the cloud-based product design platform Figma. Last month, the Competition and Markets Authority (CMA) provisionally determined that the deal would harm the product design software market should it go ahead — effectively blocking the acquisition until Adobe addressed the regulator’s concerns, which involves the divestiture of “overlapping operations” like Figma Design and the company’s competing Adobe XD app.
A response to the CMA’s request for remediations, dated December 14th, was published on the Authority’s website on Monday. In short, Adobe is refusing to make any of the suggested compromises to...