While Adobe should be concerned about the CMA’s investigation, it highlights a broader issue of potential innovation stifling and diminished investment due to stringent regulatory actions. The CMA’s actions have drawn criticism for potentially impeding the growth and development of small, innovative companies. The response from Microsoft, after its failed bid, raised concerns about the UK’s attractiveness for global innovators, suggesting the country may be seen as closed for business.
Both Figma and Adobe have expressed their willingness to engage constructively with regulators during the review process. Figma stated its commitment to ongoing discussions with UK regulators, while Adobe emphasized its cooperation with the DOJ, CMA, and EC to address any concerns and emphasize the positive economic impact the merger could bring.