GovWire

Phase 2

Administrative timetable

Date of referral: 13 July 2023

Statutory deadline: 27 December 2023

• Administrative timetable (PDF, 121KB) (21.7.23)

Contact

Adobe.Figma@cma.gov.uk

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.

• Issues statement (PDF, 203KB) (26.7.23)

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.

• Terms of reference (PDF, 100KB) (13.7.23)

Phase 1

Statutory timetable

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.

• Decision to refer (PDF, 119KB) (13.7.23)

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.

• Summary of Phase 1 decision (PDF, 124KB) (30.6.23)
• Press notice: design software deal could harm UK digital economy (30.6.23)

Launch of merger inquiry

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

• Commencement notice (PDF, 82.0 KB) (3.5.23)

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 within any market or markets in the United Kingdom for goods or services.

To assist it with this assessment, the CMA invites comments on the transaction from any interested party.

These comments should be provided by the deadline set out above.