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The cash-and-stock deal, announced in September last year, was the latest to draw tough scrutiny from regulators worried about Big Tech acquisitions that boost the market power of dominant companies or involve startups seen as nascent rivals.
Adobe has recently announced that they are cancelling their $20 billion deal to acquire Figma, the web-based collaborative platform, due to regulatory roadblocks stemming from antitrust approvals in Europe and the UK.
Adobe has entered into a definitive merger agreement to acquire the web-based collaborative platform Figma for approximately $20 billion in cash and stock.