Adobe Inc. and Figma Inc. have agreed to terminate their merger rather than combat European, British, and U.S. competition law agencies which shared the opinion that the deal would harm the creative.
Adobe has lost interest in acquiring Figma. The company was willing to pay $20 billion to buy the product design startup, but regulatory watchdogs from the EU.
Adobe is refusing to offer remedies to appease the UK’s competition watchdog after it slammed the brakes on Adobe’s $20 billion plan to purchase Figma.