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.
