GovWire

Adobe / Figma merger inquiry

Competition Markets Authority

December 18
10:00 2023

Phase 2

Administrative timetable

Date of referral: 13 July 2023

Statutory deadline: 25 February 2024

Contact

Adobe.Figma@cma.gov.uk

Responses to provisional findings and possible remedies

Provisional findings

28 November 2023: The CMA has provisionally found competition concerns as part of its in-depth investigation of the anticipated acquisition by Adobe Inc. of Figma, Inc.

The deadline for submitting responses to the provisional findings is Tuesday 19 December 2023.

The deadline for submitting responses to the notice of possible remedies is Tuesday 12 December 2023.

Notice of extension of statutory period

Notice of extension of inquiry period

Responses to the issues statement

Issues statement

26 July 2023: The issues statement sets out the scope of the inquiry. It outlines initial theories on what might be adversely affecting competition, but it does not set out findings or conclusions.

Inquiry group appointed

13 July 2023: The CMA has appointed the inquiry group.

Margot Daly (Chair), Cyrus Mehta, Humphrey Battcock and David Thomas.

Terms of reference

13 July 2023: The CMA has referred the anticipated acquisition by Adobe Inc. of Figma, Inc. for an in-depth investigation.

Phase 1

Statutory timetable

Date Action
30 June 2023 Decision announced
3 May 2023 to 18 May 2023 Invitation to comment
3 May 2023 Launch of merger inquiry

Reference decision

13 July 2023: The CMA has referred the anticipated acquisition by Adobe Inc. of Figma, Inc. for an in-depth investigation, on the basis that, on the information currently available to it, it is or may be the case that this merger may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom.

Reference unless undertakings accepted

30 June 2023: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. This merger will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns.

Launch of merger inquiry

3 May 2023: The CMA announced the launch of its merger inquiry by notice to the parties.

Invitation to comment: closed

3 May 2023: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result, in a substantial lessening of competition

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