Adobe abandons $20 billion acquisition of Figma due to regulatory pressure. Both companies mutually agree to terminate the merger agreement, resolving all aspects of the termination. Adobe will pay a $1 billion termination fee to Figma. The decision comes after failed attempts to obtain regulatory approval. Figma's CEO states that despite efforts to detail the differences between the businesses and products, they no longer see a path towards approval.
from Times of India https://ift.tt/kBQfraw
Tuesday, December 19, 2023
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