Why did Adobe stock slip today? UK regulator probes Figma deal
tumsasedgars/iStock via Getty Images
Adobe (NASDAQ:ADBE) shares fell more than 6% on Wednesday after the U.K.'s antitrust regulatory agency said it was probing the $20B deal to acquire Figma.
In a statement, the Competition and Markets Authority said it is considering whether the deal, announced in November, would result "in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services."
The CMA added that it had set June 30 as a deadline for the first phase of its decision on the deal.
In February, the European Commission said it would "assess" Adobe's (ADBE) proposed deal to buy Figma after having received requests from a number of countries to assess the deal, including France, Germany and Sweden. 
The EC added at the time that the proposed deal did not reach the revenue thresholds set by the EU Merger Regulation and therefore was not notified to the Commission.
Adobe (ADBE) still expects the acquisition to close later this year.
More on Adobe

DOJ says Adobe agrees to $3M settlement over kickback allegations
Nvidia, Adobe events add to new AI enthusiasm
BlackBerry and Adobe collaborate to provide secure forms with electronic signatures