CMA extends deadline for probe into Adobe's $20bn takeover of Figma

(Sharecast News) - The Competition and Markets Authority said on Wednesday that it has extended the deadline to investigate Adobe's $20bn takeover of private software firm Figma. The deadline for the investigation has been pushed back from 27 December this year to February 2025.

"In taking this decision, the Inquiry Group had regard to the complexity of this case and the need to carefully consider the merger parties' detailed submissions received in response to the annotated issues statement and working papers," the CMA said.

The regulator had previously argued that the takeover would give Figma less incentive to respond to the threat of competition from Adobe in the supply of all-in-one screen design software.