Adobe and Figma Abandon $20B USD Merger Following Pushback From Antitrust Regulators

Adobe will no longer be purchasing the product design platform Figma. The companies announced that they have come to a "mutual agreement" to terminate their plans to merge after UK and EU regulators ruled that the deal would harm competition in the design software industry and prevent future innovation.Adobe has its own design software, though Figma's is more popular. Regulators noted that the acquisition may put a halt to Figma's innovations in the space down the line. The UK's Competition and ...