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726 Adobe abandons $20bn Figma deal after regulatory scrutiny

UK Tech News
Oscar Hornstein @ UK Tech News Ā· 12/18/2023 12:11 EDT

Adobe abandons $20bn Figma deal after regulatory scrutiny

Adobe has axed its $20bn proposal to acquire the design software company Figma after facing extensive regulatory intervention in the UK and EU. The deal was heavily scrutinised by the Competition and Markets Authority (CMA) in the UK, which launched an in-depth probe into the merger in July. The CMA said last month that following ...

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