Adobe and Figma have mutually agreed to terminate their proposed $20 billion merger agreement, a deal that was initially set to combine one of the leading software giants with a rising star in the design software space. The decision comes after the merger faced significant regulatory hurdles from authorities in the United Kingdom and the European Union. The UK's Competition and Markets Authority and the EU's regulatory bodies scrutinized the deal heavily, with concerns that the acquisition would stifle competition in the digital design industry. As a result of the termination, Adobe is required to pay Figma a $1 billion breakup fee. The termination fee represents a significant cash injection for Figma, which is now expected to continue operating independently with a $600M ARR in 2023, a 50% year-over-year growth, a 90% gross profit margin, and a 150% net dollar retention. Figma's last valuation was $10 billion in 2021. Adobe, whose stock symbol is $ADBE, plans to use about $6 billion in cash for AI development and stock buybacks. This development has sparked discussions about the future of mergers and acquisitions in the tech industry, as well as the potential for Figma, led by CEO @zoink, to pursue an initial public offering (IPO) or other growth strategies moving forward.
🤯🤯🤯 Figma announced $12B ARR! https://t.co/8TV56GuSeN
Designed with Figma ❤️ https://t.co/0QdJSG5rx5
Adobe gives up on Figma, Apple Watch sales halted and hackers access millions of accounts: https://t.co/RU12I9H7Lt by TechCrunch #infosec #cybersecurity #technology #news
Adobe gives up on Figma, Apple Watch sales halted, and hackers access millions of accounts https://t.co/ReKnkZrqLD
interesting that there is an apparent lack of liquidity for m&a in web 2 recently many deals collapsed, in particular the billion dollar acquisition of figma by adobe things like SPACs (oh dear) were mentioned as an alternative to IPOs again on the @theallinpod adobe has to…
Adobe Figma deal getting canceled is great, the last thing Figma needs is to be eaten by a big tech co. I hope they stick it out instead of just finding someone else to sell to, we need more startups that obstinately refuse to become part of the many headed beast.
#Adobe's planned $20 billion merger with #Figma, a remote collaboration platform for designers, has been terminated following the #EU's regulatory concerns. @DonFluckinger explains, featuring insights from @ConstellationR analyst @LizKMiller: https://t.co/vnZfBrkkq4
Just setup my https://t.co/VItQnJ05hi account and so far I am very impressed! Can't wait for the Figma integration! 👀 Thanks for making such a badass product, @TakoTreba https://t.co/MlW2rLOHM2
Even without Adobe, things don’t look too bad for Figma: https://t.co/Xfvys2BEm4 by TechCrunch #infosec #cybersecurity #technology #news
Even without Adobe, things don’t look too bad for Figma https://t.co/dbKT2yiqH4
"Adobe and Figma, the cloud-based design tool, will terminate their planned $20 billion merger in light of regulatory hurdles, the companies said Monday. Adobe will pay Figma a $1 billion breakup fee…" https://t.co/SRmAXDncdg
5 years ago i used Adobe religiously. Today, I canceled my Adobe subscription for good. It's crazy how Figma took over. Figma wasn't profitable for 5 years... it's one of my favorite startup case studies!
Adobe's $20B deal to buy Figma, a high-water mark for software M&A, has collapsed due to regulatory roadblocks. The cash and stock deal was equivalent to a third of total US VC exit value so far this year, according to our data. https://t.co/wISRAlbxGq
.@Jason shares a game plan that could have saved the Adobe-Figma $20B deal. They should have listened to Jason ⬇️ https://t.co/UD2CWvhuhi
Adobe general counsel Dana Rao chats with The Verge about how the software giant's $20 billion Figma acquisition fell through. https://t.co/gk6QJiQs9n
What Adobe’s failed acquisition of Figma means. https://t.co/UA2crTzdv6
Adobe explains why it abandoned the Figma deal https://t.co/xqMgNEXIjE
12-20-2023 •Adobe Abandons Figma Acquisition •The Neo-Brandeis Movement's Missed Opportunity •First, Do No Harm https://t.co/9Lsun2TSSQ
EC and the CMA… ‘where innovation (and now valuations) goes to die?’ This round, it’s Adobe & Figma. @Adobe and @Figma weren’t even in the same business, XD was abandoned, and I don’t see Adobe users editing photos or videos or ads on Figma. ‘In a decade maybe.. or two.’… https://t.co/Q44ATpUXwy
Figma expects to end the year with $600M+ ARR at 40% YoY Growth. It's still one of the most successful private SaaS companies out there. With or without Adobe.
Of all the deals that have gone through, this is one that I think should have. I guess the world now knows the CMA is still a regulating body on M&A. Bright future for Figma and Adobe. I hope this doesn't discourage VC activity. Onward and upward @Adobe... #Figma #Adobe $ADBE https://t.co/lFZuIGJgLC
Adobe abandons $20 billion acquisition of Figma https://t.co/SUwCLk3jDV
We've been tracking the @figma <> @adobe deal since the beginning with our clients Like many, I'm saddened that the deal was abandoned after over a year of legal proceedings As always -- never count on something until the cash/equity lands in your account It's a good time for… https://t.co/pdphNVxzG3
What happened with the $20B Figma acquisition https://t.co/1svYW1GcCJ
MyPOV: @Adobe, @Figma call off $20 billion merger https://t.co/mn5131OfwG the deal was unlikely to get regulatory approval from the European Commission and UK Competition and Markets Authority. . @ldignan @constellationr
M&A was dead long before the Adobe/Figma decoupling.
Wing's @tanayj discusses a few observations from the @Adobe x @figma acquisition termination. Read more on Tanay's newsletter here: https://t.co/Z9zHoxfUWQ https://t.co/DYLnWCXIY7
In this issue of Forbes Daily: - Adobe will terminate its $20 billion deal to acquire software company Figma - Musk’s X faces disinformation probe in EU - Pope Francis formally approved same-sex blessings Monday Read more: https://t.co/NTMfQOcODJ
Figma’s CEO, @zoink, speaks with @m_delamerced in his first interview since the demise of his $20 billion deal with Adobe: “Ultimately, there is some gap between how regulators understand our business and how we understand our business.” https://t.co/WB8iNc5Cjk
Adobe abandons $20B deal 💰, scientists contact whales 🐋, embeddable interactive code 👨💻 TLDR 2023-12-19 📱Big Tech & Startups Adobe gives up on $20 billion acquisition of Figma Adobe has abandoned its acquisition of product design software company Figma as there was no…
Adobe's biggest deal in history just fell through. It could impact design software for years to come. https://t.co/OqqkKV6Yc1
Adobe's failed Figma deals leaves the company with ~$6B in cash to invest in AI and stock buybacks, but upstart rivals still represent a threat to its growth (Bloomberg) https://t.co/vNqSWJmyKa 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/qOu3uADwZq
Conversely, it's only because Figma was a real viable business that they encountered regulatory trouble! https://t.co/uGl9VJS4hC
Figma and Adobe have abandoned their planned merger. Figma says the merger is being abandoned as they no longer see a path to regulatory approval of the deal. https://t.co/NN2ycTYbyW
Adobe's Figma buy isn't going to happen, and will cost Adobe $1 billion https://t.co/frinop9v30 #Apple
80Level: Adobe and Figma's $20 billion deal falls through due to the challenges in obtaining antitrust approvals in Europe and the UK. More: https://t.co/4og2lPfk0j #Adobe #Figma #TechNews https://t.co/K6ZT1UoXWM
Adobe/Figma: tech M&A suffers design failure https://t.co/8BhZ4FBORw | opinion
Adobe/Figma: tech M&A suffers design failure https://t.co/G1HGm5witF
adobe is a boomer company and figma dodged a bullet 🤣
The market cap differential in vs outside of tech always blows my mind. Adobe was prepared to pay $20b for Figma which is literally a graphic design tool. Meanwhile US Steel just got bought for $14b https://t.co/9kdA1dH8fF
Did you see the leaked documents from the Adobe Figma merger? Crazy stuff... https://t.co/U5X3Dfu5d9
woah woah woah adobe-figma is off, so @dingboard_ valuation just went up 420x?
This is right. My hope is that Figma goes public in a couple of years and it is worth more than the deal value and everybody wins. https://t.co/BiIbH1F8lQ
Figma could just go public like a normal company. Stripe too. https://t.co/wBBNIkowfl
Source says the decision to unwind Adobe/Figma was finalized this weekend following a difficult call with European regulators https://t.co/RBM2vPkVuE
Adobe's failed merger with Figma leaves about $6 billion in cash that Adobe will likely use on AI development and to buy back stock https://t.co/xA3X5oICK6
My guess is that within 10 years, Figma will acquire Adobe
Figma will be fine: - $600M ARR in 2023 - 50% yoy growth - 90% gross profit margin - 150% net dollar retention - Fed rate hikes done They will IPO and be valued at more than $20B before end of 2025.
This screenshot captures everything you need to know about Adobe and Figma calling off their $20B deal https://t.co/aKyqu2cRW6
all the adobe-phobes now awkwardly reinstalling figma after preaching how they will uninstall 🤣
Adobe bailed out by the regulators The Adobe & Figma deal was a top-of-the-market ZIRP Phenomenon What’s Figma actually worth now? https://t.co/PrrnUlqNm8
In an unsurprising turn of events, Adobe and Figma have decided to call off their highly anticipated merger – a deal initially valued at $20 billion. This decision comes in the wake of increasing scrutiny from regulators in the UK and EU, highlighting the growing influence of… https://t.co/orjjK2NZvb
Adobe and Figma, the cloud-based design tool, will terminate their planned $20 billion merger in light of regulatory hurdles, the companies said Monday. https://t.co/Koa8X5OYlQ https://t.co/VpoblTvqEB
Long live Figma. ❤️ Very impressed with @Zoink and team. https://t.co/WWuHsJsDP0
Adobe shelves $20 bln Figma deal after hitting regulatory roadblocks https://t.co/bWh7DIgukO https://t.co/lU8LpC1jd5
LISTEN NOW: Adobe is terminating its $20 billion merger with design software maker Figma. Listen and follow the @CNBCTechCheck podcast here: https://t.co/GkIlXbKLTT https://t.co/7NwoFDAy3j
Adobe and Figma are no longer merging together. Always sad to see a deal go through, but Figma made $1 Billion off the deal. Curious to see what they do with it. https://t.co/ZD37Pz4QIO
Figma had raised $333M over the last 10 years in venture financing. Adobe will be giving them 3x that ($1B) in cash as a breakup fee within the next 3 business days.
Is there any viable competitor to figma?
That deal was… a Figma of Adobe’s imagination. A canceled acquisition ripples through tech Podcast: https://t.co/mkmjcZMPX8
Adobe-Figma Breakup Isn’t Just a Win for Regulators. Why Consumers Should Be Cheering Too. https://t.co/13ttqDVzCr
Thoughtful post by @semil on what the Figma-Adobe deal getting called off might mean for scaling startups at large. “The message here is loud and clear: Most of us have to go it alone. Plan accordingly.” I’m not privy to the numbers but my gut sense is that Figma will be fine,… https://t.co/wIenMnEOKV
Adobe has a big hole to fill after the $20B Figma deal falls through: https://t.co/6T3naaNCMd by TechCrunch #infosec #cybersecurity #technology #news
Adobe, Figma pull the plug on $20 billion merger https://t.co/w3QXgBTVaq
Adobe has a big hole to fill after the $20B Figma deal falls through https://t.co/FM9ctoohxl
I guess Figma got a nice little Christmas gift even tho they did not merge. $1bn cash injection. Now what? https://t.co/FDThnZxgA2
The Adobe-Figma breakup isn’t a signal of what’s to come for startup M&A: https://t.co/bNWf91roG0 by TechCrunch #infosec #cybersecurity #technology #news
The Adobe-Figma breakup isn’t a signal of what’s to come for startup M&A https://t.co/0lWUXqlFIr
Adobe paints brighter future without Figma - @KarenKKwok - https://t.co/dZ7KWv3Ic8 https://t.co/jeHxEXogf7
Can Figma avoid the curse of failed startup acquisitions? Its business has been humming along over the past year and it now has a huge cash pile, giving it a better chance. We have numbers. https://t.co/vCeVM0jtDJ
The Adobe-Figma $20B merger is canceled, here's what it means and what could happen next by @coryweinberg & @heetermaria: https://t.co/bGNMdPT0hE https://t.co/1qQ3jBXrZf
i am a little irritated that adobe is handing over $1bn to figma, but i think part of reason they walked is that deal was now a $25bn+ acquisition. deal struck at around $375/sh, now ~$600 people always talked about this as $20bn deal, but it was really $10bn+5.6% of pf equity
Figma's annual recurring revenue grew by more than 40% annually even as it failed to get its sale to Adobe past regulators. https://t.co/RKAktaXdUa By @coryweinberg & @heetermaria
Adobe ditches $20B Figma takeover after pressure from monopoly watchdogs https://t.co/HmLTx47Bge
Adobe and Figma together would have been monopolistic It's better for consumers to have choice. Sometimes I just don't get silicon valley - they will argue for oligopolies when it doesn't benefit anyone except the corpo execs in this companies 🤯🤯
Adobe and Figma abandon $20B acquisition due to regulatory scrutiny. @Adobe @figma
How much money did vc’s raise for new funds based on figma “exit” success?
After constant regulatory roadblocks, the multibillion-dollar merger between Adobe and Figma has been abandoned. https://t.co/t66a02jEHW
Adobe says it has abandoned its $20bn (£15.8bn) merger with designer platform Figma amid opposition from European regulators. Read more ⬇ https://t.co/uC7b3kFP5g
Adobe to pay $1 billion to Figma after scrapping acquisition over regulatory issues https://t.co/o4fHUXE62B https://t.co/WUr8a8p5E6
Adobe scraps its $20B takeover of Figma. @dee_bosa looks at what's next for the companies and the M&A landscape. https://t.co/F8sM3QwVMx
Adobe has abandoned its plans for a $20 billion takeover of the design software company Figma after pressure from regulators in the UK and EU, according to a statement released Monday. https://t.co/jdsfrQTfAC
FIGMA's EOY 2022 rev was ~$400M, meaning ADBE was paying 50X Adobe is lowkey/highkey glad that the EU regulators said ligma to the FIGMA deal FIGMA is not getting near 50X rev if it IPOs Can use the $10B cash it had to compete, etc.
This is wrong. Figma deal was clearly doomed from start. Don’t buy an emerging competitor if you have monopoly share in a category. https://t.co/uUkWxTUqbV
15 months ago, I pulled an all-nighter to break the news of Adobe buying Figma. Deal got announced shortly after our scoop. After over a year of regulatory drama, today they revealed Figma is taking that $1B breakup fee instead https://t.co/QL5bIIeQWS
Adobe x Figma would've led to an explosion of design angels and founders while freeing up top-tier VCs to invest in competitive products
Figma has the best days and years ahead to look forward to. https://t.co/hiwKSIz9DS
Adobe and Figma abandon $20bn merger plans https://t.co/t66a02jEHW
Figma walking away with a cool $1billion Probably not the outcome they wanted, but not a bad deal lol https://t.co/MMJRkXV4di https://t.co/sT2VrGc6je
San Jose-based @Adobe has called off its planned $20B purchase of design software startup @figmadesign_ir following pushback from antitrust regulators in the U.K. and European Union. https://t.co/Tj2mdSJJsg
Photoshop maker Adobe ditches $20bn merger Read more ⬇ https://t.co/bwln6UwGzv
$20 billion would have been much nicer but that $1 billion breakup fee will be some nice non-dilutive funding to keep Figma cranking for quite some time. And no startups you’re not getting a breakup fee unless it’s a sizable enough deal where there is antitrust risk https://t.co/uhqntu2i3b
Adobe not buying @figma is going to end up looking like one of the biggest acquisitions misses of all time.
This will end up very good for Figma and they can reach $200B+ as an independent company. Similar to the Plaid and Visa situation. https://t.co/98gccjZKAM
Adobe has dropped its $20 billion acquisition of Figma and will pay a hefty fee to Figma, after expressing concerns that there was "no clear path" to do so because of regulatory concerns. By @Amber_M_Neely https://t.co/dethBFOQG0
Fifteen months into the regulatory review process, Figma and Adobe no longer see a path toward regulatory approval of our proposed acquisition. https://t.co/O8B2zxCBwl
Yes you guessed correctly, Adobe terminated Figma so that they can buy Docusign, the envy of SaaS 🤣
Adobe's $20B deal with FIGMA has been called off Regulatory issues were a big concern as we all knew Adobe shareholders save $10B of dilution FIGMA likely looks to IPO (into a hot market) unless someone else manages to scoop it up and also avoid regulatory concerns
TLDR: @Adobe and @figma have decided to scrap their $20 billion merger 👀 Why? Because, European regulators: there's no simple road to approval from the European Commission and the U.K. Competition and Markets Authority Adobe will pay Figma $1bn in termination fees https://t.co/c2qJyZ6Uuy
In 3 years, everyone will agree Figma was actually even more valuable in the long run. Go @zoink. https://t.co/AjGLI7GUvX
I think it is good Figma will remain indie. I think it is bad the EU is able to block a US based acquisition https://t.co/eFp7SZdw2f
Adobe and Figma end proposed $20B proposed merger amid regulatory issues https://t.co/i4kvzVpsow
Adobe tried to acquire @figma for $20 billion That deal was killed today So what's Figma actually worth today? Based on current comps, it's worth $11.10 to $11.95 billion I'll break it down below First, some history Figma was valued at $10B in June 2021 when it raised its… https://t.co/BJn5jDMzKw
The Adobe-Figma deal is off, which is is a positive development for competition in in the creative-software market. Last month, I wrote about Figma and what its overarching strategy moving forward might look like, regardless of who owned it. https://t.co/LceRjy2vPp
Wow, the Adobe + Figma acquisition is dead. Was looking forward to seeing Figma’s collaboration tools infused into the rest of Adobe tools, and Adobe’s new AI capabilities infused into Figma. OTOH, guess we’re all spared from paying an even heftier unified subscription fee. https://t.co/qcg1xCxQOo
Adobe has abandoned its plans to acquire Figma for $20 billion, citing regulatory roadblocks. As part of the breakup, Adobe will pay Figma $1 billion. https://t.co/4pBOqD2oMu
UK regulator says Adobe to not propose remedies for $20 bln Figma deal https://t.co/DkqmZsRDDs https://t.co/BSIJBH2hqp
Adobe Terminates $20 Billion Deal For Figma—Both Firms Say There’s ‘No Clear Path’ For Regulator Approval https://t.co/HJdRBCTMad https://t.co/StrgSNkJ4E
Adobe, Figma shelve $20 bln deal after hitting regulatory roadblocks #DisruptiveTech https://t.co/FpLhPHA3JI
UK and EU regulators blocking Adobe's Figma deal changes the liquidity environment for startup founders and VCs, and focuses dollars on IPO-capable winners (@om / On my Om) https://t.co/k3OW984nGx 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/5FGXQllh3R
Adobe and Figma merger plans are off. https://t.co/VhD6VOCPEe
Adobe and Figma abandon acquisition plan via @kimdavis_ https://t.co/h6a3njsWAO https://t.co/QDmaxIf6iM
I think the only thing that makes me sad about the Figma-Adobe Acquisition stuff is that I was really hoping there’ll be seamless integration across Figma and Adobe software. I get we all don’t like them because of how they handle CC subscriptions and billing which is outrageous
Adobe gives up on $20 billion acquisition of Figma https://t.co/CpOBE9s2Uz
15 years ago everyone used to make websites/apps using Adobe Photoshop. Thats literally how I and everyone did it. Now everyone uses Figma. Seems obvious that the merger would have reduced competition. I feel bad for the Figma team but how is this not good for consumers+comp?
Unpacking the fallout of the failed Adobe-Figma deal. As regulatory hurdles mount, what does this mean for startups, venture investors, and the future of tech acquisitions? Read my latest analysis here: https://t.co/aUL5GsIRZk #AdobeFigma #technews #startups
Adobe had to cancel a $20 billion acquisition because European regulators wouldn't allow the deal to go through Out of control regulators worried about a design app monopoly 🙄 https://t.co/E9giKLqpyQ
Adobe’s $20 billion mega-bid to buy rival Figma is officially dead following regulatory pushback in Europe. Read more: https://t.co/23t2bNk0Ul https://t.co/IQ3eKWhy5U
UPDATE: Adobe and Figma are scraping their merger after issues with regulatory approval in the UK Adobe will pay Figma a $1 billion fee as a result That's an expensive breakup https://t.co/dm5fqwQKNT
Figma walks away with a cool billion in break up fees. https://t.co/rIpMxy2g09
Not a total shock that $ADBE's Figma deal is called off today. The jury is very much out there in terms of what the impact will be on Adobe in the medium to long-term. (this is what I wrote in June, 2023) https://t.co/gai2p2lHR5
Adobe will abandon its $20 billion takeover of the design software maker Figma, the two companies said on Monday, bowing to growing regulatory opposition to the deal on both sides of the Atlantic. https://t.co/Xw0bvp4yN8
Figma is truly a once-in-a-generation company, and its future has never been brighter. Excited for 2024! https://t.co/icY4kQHJLY
Adobe, Figma shelve $20 bln deal after hitting regulatory roadblocks https://t.co/3CQHGisMkO https://t.co/u95rPWVhOp
Figma gets $1 bil from Adobe for 15 months of limbo, and is now back on its own. A huge VC exit, un-exited. Last valuation: $10 bil (2021) Valuation at sale: $20 bil (2022) If Figma were to raise again now, what kind of valuation could it command on the private market? https://t.co/1sDWjS0CCl
Figma will build a legendary company. The gap between imagination and reality in software is compressing quickly. No team is positioned and motivated to fulfill this mission like the incredible people at @figma. 2024 is going to be quite a year… https://t.co/vqNn1L2YAF
Adobe has abandoned its $20 billion acquisition of Figma. The deal was under intense scrutiny from UK and EU regulators, and now Adobe will be required to pay Figma a reverse termination fee of $1 billion in cash https://t.co/kkpt1fjPOz
NEW: Adobe, Figma scrap $20B merger after regulator scrutiny https://t.co/s3RhXgNgC6
Figma files for an IPO in .....
💔 Adobe and Figma call off their $20B merger. • Facing regulatory hurdles in the EU and UK. • $ADBE to pay a $1B breakup fee to Figma. Here's a look at their latest quarter. https://t.co/44U4ZVEajG
$ADBE | Adobe to pay Figma $1B termination fee after mutually ending merger agreement. https://t.co/zKLD3ULcUa
Adobe and Figma announced we have entered into a mutual agreement to terminate our previously announced merger agreement. We thank our communities for the support. As we turn our sights to 2024 and beyond, we’re excited to build on the incredible innovation we delivered in 2023.…
Figma <> Adobe is not going through. While undoubtedly disappointing for the 2 parties is this net positive for startups in the long run against incumbents? https://t.co/pHMBCwti7n
🚨 It turns out Adobe's Figma acquisition is off the table. Thanks to a lack of approval from regulators, the two companies are calling it off. What's your favourite Figma feature? https://t.co/GDWj59xWd9
EU saving technology again! long live adobe-free figma 😍
the real reason it took adobe 15 months to decide not to buy figma is because that's how long it took them to open up acrobat reader to check out the contract
Adobe Officially Cancels $20 Billion Figma Acquisition https://t.co/HPZaTjHPfH https://t.co/IOZFHkrtz9
Adobe and Figma have terminated their $20 billion merger agreement, citing regulatory hurdles that the two companies could not overcome. https://t.co/dRfzeJsy0j
The proposed acquisition between @Adobe and @figma would have terminated current and prevented future competition between the companies. My statement here 👇 https://t.co/kHurooI2N0
One of the best teams in the technology space. Really hoping this doesn't slow @figma's incredible innovation pace. https://t.co/y1eBmOoCi5
Real talk, Figma should go public and dominate the digital design industry. Getting acquired is for the weak
Breaking news: Adobe has terminated its proposed $20bn merger with product design software company Figma, following competition probes from EU and UK regulators https://t.co/vdxfUPvqd3 https://t.co/LOeYLA6Qcm
We have legislative and regulatory bodies that still think we are living in an industrial economy, where we are living in a networked economy. I feel for the Figma team and the same for Adobe. Nonetheless, the customers will help chart the course forward for @zoink https://t.co/ByyKUJQtji
Adobe's record $20 billion deal for Figma is no more, after heavy regulatory scrutiny from the UK, EU and US meant that the firms couldn't cook up a package to appease anticompetitive concerns. Adobe to pay $1 billion break up fee. More @TheTerminal @business
Figma just raised $1 billion in cash from Adobe. https://t.co/erX3q7LbJ2
Adobe and Figma terminate their $20 billion deal after clashing with UK and EU regulators https://t.co/6bA5jzO9Dy
Adobe and Figma call off $20 billion merger https://t.co/G0sVtKHbc0
Adobe has called off its planned $20 billion acquisition of the collaboration-software company Figma, weeks after a U.K. regulator warned that the deal would likely harm innovation. $ADBE https://t.co/k12ges7inm via @WSJ
"Adobe, Figma to terminate $20 billion deal over regulatory hurdles" 😲