Too Long; Didn't Read
Adobe's high-stakes $20 billion acquisition of Figma, a significant player in digital design, collapses as regulatory challenges mount. Concerns arise among Figma's 4 million users about the fate of their accessible design tool under Adobe's ownership. Antitrust investigations by the U.S. Department of Justice and the UK's Competition and Markets Authority prompt scrutiny of the deal's potential impact on market innovation. Despite efforts to navigate regulatory hurdles, Adobe and Figma jointly opt to terminate the acquisition. Figma retains its independence and secures a substantial $1 billion payout, concluding the failed merger.
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