tech
March 13, 2026
Adobe abandons $20 billion acquisition of Figma
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TL;DR
- Adobe and Figma have called off their $20 billion merger agreement.
- Regulatory pressure from the UK and EU was a primary factor in the termination.
- Regulators were concerned about Adobe's market dominance and potential impact on innovation.
- Adobe will pay Figma a $1 billion reverse termination fee.
- Both companies stated that they believe it is in their best interests to move forward independently.
- The UK's CMA had proposed remedies, including significant divestments, which Adobe rejected.
- The European Commission has dropped its antitrust investigation following the announcement.
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