The UK’s competitors watchdog stated it’s investigating Adobe Programs Integrated (NASDAQ:)’s $20 billion acquisition of Figma, introduced in September 2022, to find out if it may lead to a major discount in competitors within the nation.

The UK Competitors and Markets Authority (CMA), which blocked Microsoft Company (NASDAQ:)’s $69B acquisition of Activision Blizzard Inc (NASDAQ:) final week, has set a deadline of June 30 for its section 1 determination on the Adobe-Figma deal.

Adobe expressed its anticipation to proceed partaking with the DOJ (U.S. Division of Justice), CMA, and EC (European Fee) in constructive discussions relating to the financial impacts of the deal. Figma has additionally acknowledged that it’s going to proceed to collaborate constructively with UK regulators.

By Davit Kirakosyan