Adobe has dropped its $20 billion acquisition of Figma after expressing concerns that there was „no clear path“ to do so because of regulatory concerns.
Adobe has dropped its $20 billion acquisition of Figma after expressing concerns that there was „no clear path“ to do so because of regulatory concerns.
On Monday, Adobe and Figma announced they would mutually terminate their merger agreement following increased pressure from E.U. and U.K. regulators.
„Although both companies continue to believe in the merits and procompetitive benefits of the combination, Adobe and Figma mutually agreed to terminate the transaction based on a joint assessment that there is no clear path to receive necessary regulatory approvals from the European Commission and the U.
