Adobe Refuses UK Remedy Offer Teeing Up Figma Fight With CMA (2)

Adobe Inc. refused to offer remedies to quell the UK’s concerns with the firm’s planned $20 billion purchase of design software maker Figma Inc., imperiling the biggest ever takeover of a private software company.

Adobe criticized the Competition and Markets Authority’s view that the deal would eliminate competition in product design software, saying that its suggested remedies were “disproportionate,” according to a response published Monday. The firm said it would not offer any fixes at all and is set to meet with the CMA this week to fight its corner.

“It is clear that no realistic remedy would satisfy ...