Figma and Adobe

Adobe Abandons $20 Billion Figma Deal

Adobe’s $20 billion acquisition of Figma was halted due to regulatory challenges in Europe and the UK, with concerns about potential harm to innovation and competition. Adobe will pay Figma a $1 billion termination fee. Figma, expanding and profitable, could attract IPO interest. The deal’s cancellation reflects increased regulatory scrutiny on tech mergers, potentially affecting both large and small tech companies’ future merger and acquisition strategies. Adobe’s market value had declined significantly after the deal announcement, indicating investor concerns over its high cost and potential impact on profitability.

More at Reuters.