Adobe Drops Plans to Build Web Design Portal to Rival Figma
Adobe announced that it would no longer continue its web design project after its Figma acquisition did not succeed.
Source: itechpost.com
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Adobe Officially Cancels $20 Billion Figma Acquisition
Adobe refused to compromise on the deal that regulators feared would create an “all-in-one” design monopoly.
Source: gizmodo.com
Adobe's $20 billion purchase of Figma is being scrutinized by the EU
The European Commission has opened an in-depth investigation into Adobe’s planned $20 billion purchase of design rival Figma. The EU said it’s concerned about the acquisition diminishing competition for interactive design software and digital asset creation tools.
Source: yahoo.com