Adobe boss accuses CMA delays of stifling innovation

Adobe boss accuses CMA delays of stifling innovation The UK competition regulator is stifling innovation and entrepreneurship by taking too long to make decisions, according to a senior Adobe executive who is overseeing its $20 billion takeover of Figma. In an interview with The Times, David Wadhwani, president of Adobe’s Digital Media business, said: “The process should not take 15 months to get to the stage. I think we can all agree that expediting these kinds of decisions is important for innovation and for doing the right thing by consumers and customers to make these decisions faster and move more quickly.” In November, the Competition and Markets Authority (CMA) said it was minded to block Adobe’s multibillion-dollar takeover of the app interface design business Figma because it could harm competition in product design,