TECH - Adobe Figma End $20B Merger: What's Behind the Abrupt Decision? | Benzinga
Adobe Inc (NASDAQ: ADBE) and Figma mutually agreed to terminate their previously announced $20 billion merger agreement, originally shared on September 15, 2022, under which Adobe decided to snap Figma for a mix of cash and stock consideration.
Adobe and Figma have decided to call off their deal after concluding that obtaining the required regulatory clearances from the European Commission and the U.K. Competition and Markets Authority is unlikely.
Adobe will ...