UK regulator says Adobe to not propose remedies for $20 billion Figma deal

(Reuters) – Britain’s competition watchdog said on Monday Photoshop owner Adobe would not propose remedies to resolve regulatory concerns regarding the $20 billion buyout of cloud-based designer platform Figma.

Adobe’s chief counsel, Dana Rao, had told Reuters last month that the company was open to proposing remedies.

(Reporting by Radhika Anilkumar in Bengaluru; Editing by Maju Samuel)

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