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British watchdog says Adobe-Figma merger could harm competition

Summary by Ground News
The British Competition and Markets Authority said the proposed purchase of design software company Figma by Adobe would harm competition. The watchdog said the deal would eliminate competition between the two companies in the software markets of product design, image editing and illustration. A Figma representative told CNBC the company was "disappointed" by the finding.

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Benzinga broke the news in New York, United States on Tuesday, November 28, 2023.
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