The Competition and Markets Authority (CMA) said late last
month it had found the deal could lead to less choice for designers of digital
apps, websites and other products, and identified concerns in the supply of
screen design software, where the companies compete.
It had given Adobe five working days to submit proposals to
address its concerns. But on July 7, the US company told the CMA it would not
offer any remedies, the CMA said on Thursday.
Figma and Adobe both directed Reuters to the companies'
response in June, when the regulator had flagged these concerns.
"We look forward to establishing these facts in the
next phase of the process and successfully completing the transaction," a
spokesperson for Adobe added.
An in-depth, or phase two, probe by the CMA is conducted by
an inquiry group selected from independent experts. The CMA has until December
27 to conclude its investigation.
Figma's web-based collaborative platform for designs and
brainstorming is hugely popular among tech firms including Zoom Video
Communications, Airbnb and Coinbase.
Adobe announced a cash-and-stock deal for Figma in
September. It has said it expects to close the deal by end of this year, as US
and EU regulators also probe the deal.
EU antitrust regulators will decide by August 7 whether to
clear the acquisition. © Reuters
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