Adobe and Figma break up Adobe and Figma have cal
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Posted On: 12/21/2023 5:55:40 AM
Adobe and Figma break up
Adobe and Figma have called off their planned $20 billion merger, the companies announced Monday, citing regulatory hurdles. “There is no clear path to receive necessary regulatory approvals from the European Commission and the UK Competition and Markets Authority,” the companies said in a statement. Adobe
will pay Figma a $1 billion breakup fee, the Photoshop maker said in a regulatory filing.
Adobe and Figma have called off their planned $20 billion merger, the companies announced Monday, citing regulatory hurdles. “There is no clear path to receive necessary regulatory approvals from the European Commission and the UK Competition and Markets Authority,” the companies said in a statement. Adobe
will pay Figma a $1 billion breakup fee, the Photoshop maker said in a regulatory filing.
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