The UK will ramp up its investigation into Adobe's $20 billion Figma acquisition

The UK's Competition and Markets Authority (CMA) plans to perform an in-depth probe into Adobe's acquisition of Figma, the agency announced today (viaThe Wall Street Journal). Citing concerns about "a substantial lessening of competition" for screen design software, it plans to move into a "phase two" investigation. However, it's giving the companies five business days to "offer legally binding proposals" to address the concerns; if their response doesn't satisfy the CMA, the probe will begin. A...