Adobe halts its ongoing acquisition plans with Figma

Adobe’s $20 billion bid to acquire Figma has officially collapsed due to regulatory obstacles in Europe. The companies jointly announced the termination of the acquisition plans, citing insurmountable challenges in obtaining necessary approvals from the European Commission and the U.K. Competition and Markets Authority. Adobe blames the collapse on European regulations Unveiled in September of... source: https://www.cryptopolitan.com/adobe-halts-acquisition-plans-with-figma/