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Adobe and Figma abandon $20bn acquisition plans citing regulatory pressure
Adobe and Figma have mutually agreed to terminate the planned $20 billion acquisition deal due to regulatory headwinds from both the European Commission and UK's Competition and Markets Authority (CMA), and the likelihood of similar action by the US Department of Justice (DOJ).
The deal had faced serious scrutiny from regulators since it was announced in September 2022, with concerns about its Adobe eliminating a major rival. The CMA concluded after an investigation th...
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