Yes.

This is the best summary I could come up with:

Adobe’s $20 billion buy of web-first design collaboration start-up Figma will harm software developers if it goes ahead as proposed, according to a provisional ruling on the merger by Britain’s competition regulator.

Now in the latest twist, the regulator says it found the merger would eliminate one of two major players in three software sub-markets: product design; image editing; and illustration.

The CMA adds in its report: “The inquiry group also provisionally concluded that Adobe abandoned development of new product design software which could have competed even more closely with Figma and, given the timing of the decision, did this as a consequence of the merger.

“This competition would be lost as a result of the transaction, harming designers and creative agencies who might have used these new tools or relied on future updates,” the CMA’s report adds.

The company’s top brass has talked endlessly about the benefits of a merger, and had planned to conclude the deal by the end of last month until the European Commission notified Adobe that it too had multiple concerns that must be addressed.

And of course the Dept of Justice’s anti-trust team is also taking a keen interest in the $20 billion sale, which would be the most expensive for a private company in enterprise software history.

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