Adobe has cancelled its $20 billion acquisition of Figma due to resistance from Europe regarding potential antitrust concerns.
The proposed purchase of Figma, an online design company, for $20 billion by Adobe has been cancelled due to opposition from Europe regarding antitrust issues. Both companies announced this on Monday. In September 2022, the companies revealed a deal involving a combination of cash and stock. The goal is to utilize Figma’s web-based and multi-player
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