Adobe Abandons $20 Billion Bid for Figma, Citing Regulatory Opposition to Deal, Will Pay $1 Billion Breakup Fee
Todd Spangler NY Digital Editor Adobe called off plans to buy Figma, a web-based collaborative design platform, citing regulatory opposition to the proposed $20 billion deal. Adobe and Figma on Monday said they mutually agreed to terminate their merger agreement, originally announced Sept. 15, 2022.