Figma and Adobe abandon merger amidst regulatory red tape
Adobe and Figma have announced that their pending merger is canceled due to an uncertain path toward regulatory compliance.
Source: readwrite.com
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Adobe Terminates $20 Billion Deal For Figma—Both Firms Say There's 'No Clear Path' For Regulator Approval
The U.K.’s competition watchdog said Adobe failed to propose remedies for regulatory concerns.
Source: forbes.com
Adobe gives up on $20 billion acquisition of Figma
Competition probes in the EU and UK made regulatory approval dicey.
Source: arstechnica.com
Adobe and Figma terminate merger due to regulators
Adobe and Figma have agreed to terminate their planned merger after regulators in the European Union and United Kingdom opposed the deal. The two firms said that they couldn't see a way forward.
Source: neowin.net
Adobe Abandons $20 Billion Acquisition of Figma, Will Pay $1 Billion Breakup Fee
Adobe has announced that it is abandoning its $20 billion acquisition of Figma due to insurmountable regulatory pressure from the EU and UK.
Source: iclarified.com