Adobe-Figma $20B Acquisition Deal Abandoned Amid Regulatory Opposition

Figma to Receive $1B Termination Fee; Adobe's Share Price Rises 3% on News

Adobe and Figma have abandoned their $20 billion acquisition deal due to opposition from antitrust regulators in the U.K. and EU.
Figma will receive a $1 billion termination fee from Adobe.
Adobe's share price rose 3% following the news, indicating investor approval of the decision.
Regulators were concerned about the formation of an anti-competitive creative software monopoly.
The failed deal could impact the design community and the software that supports it for years to come.