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Adobe Abandons Its $20 Billion Acquisition of Figma Amid Regulatory Pressure

The UK's Competition and Markets Authority (CMA) had expressed apprehensions that the merger could negatively impact competition in the digital design sector, potentially stifling innovation in the field.

Adobe Acquires Design Platform Figma for $20 Billion

According to Bloomberg, the deal is valued at around $20 billion. Buying Figma will allow Adobe to expand its toolkit for creative professionals, and the deal will be the largest takeover of a private software company in history.

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