UK regulator refers Adobe's $20 bln buyout of Figma to phase 2 probe

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The UK's Competition and Markets Authority (CMA) had said late last month that it found that the deal could lead to lesser choice for designers of digital apps, websites and other products, and identified concerns in the supply of screen design software, where the companies compete...

But on July 7 the U.S. company told the CMA that it would not offer any remedies, the CMA said on Thursday...

Figma's web-based collaborative platform for designs and brainstorming is hugely popular among tech firms including Zoom Video Communications (ZM.O), Airbnb (ABNB.O) and Coinbase (COIN.O)...

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