Figma and Adobe are abandoning our proposed merger | Figma Blog
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Figma and Adobe no longer see a path toward regulatory approval

Fifteen months into the regulatory review process, Figma and Adobe no longer see a path toward regulatory approval of our proposed acquisition.

  • TheGrandNagus@lemmy.worldEnglish
    17·
    2 years ago

    Shot down by the CMA. Absolutely based.

    Adobe must’ve been sure it’d get through because their own competing software has had barely any updates in the past year. Sucks to be them I guess.

  • poopkins@lemmy.worldEnglish
    2·
    2 years ago

    Feels like I’m having a stroke reading this title.

    “Figma and Adobe Withdraw Proposed Acquisition After 15 Months of Regulatory Hurdles”
    ftfy