Adobe General Counsel Explains how its $20 Billion Figma Deal Fell Through
Adobe and Figma started the week by halting their $20 billion merger. Adobe had to pay Figma $1 billion for the acquisition termination.
Adobe Pays $1 Billion to Terminate $20 Billion Figma Acquisition
Adobe has abandoned its $20 billion takeover bid for design platform Figma. The prolonged acquisition attempt has been wrought with regulatory opposition in the United States, European Union, and United Kingdom.
UK Watchdog Halts Adobe’s Acquisition of Figma
The Competition and Markets Authority (CMA), the competition watchdog in the United Kingdom, has provisionally determined that Adobe's proposed $20 billion acquisition of Figma would be harmful to the marketplace.
Adobe Buys Design Platform Figma for $20 Billion
Adobe has announced it has purchased Figma, a popular design platform and Adobe XD competitor, for $20 billion in cash and stock. The company says the merger will "usher in a new era of collaborative creativity."