The U.K. Competition and Markets Authority warned Friday that Adobe’s Adbe, +0.28% planned $20 billion purchase of Figma may reduce innovation. Adobe and Figma have been competing and investing continuously in the screen design software market, according to the regulator. The regulator said that the competition between Figma & Adobe has led to investment in developing and updating screen design software. This important rivalry may be lost if this deal is approved. The regulator has given five working days for proposals that address its concerns. Otherwise, it will move to a phase 2 in-depth review.