Adobe withdraws from Figma deal due to questions about future competition

Adobe has explained why it abandoned the deal with Figma. The company was unable to prove to European regulators that the acquisition would not harm competition in the future. This was stated by Adobe General Counsel Dana Rao, according to The Verge. According to him, the companies are not currently ... Read more

Adobe cancels $20 billion deal with Figma due to regulatory obstacles

Adobe is abandoning a $20 billion deal with Figma due to regulatory obstacles, reports Reuters. Adobe explained this decision by the “lack of a clear path” for obtaining approvals from antitrust regulators in the European Union and the United Kingdom. “Adobe and Figma strongly disagree with the recent regulatory findings, ... Read more

Adobe prepares to defend Figma deal at EU hearing on December 8

Adobe will try to defend its $20 billion deal with Figma at a hearing in the European Union. They are scheduled to take place on December 8. They are scheduled to take place on December 8. This is reported by Reuters with reference to informed sources. As you know, Adobe ... Read more

Adobe and Figma’s $20 billion deal could hurt innovation – CMA

The UK’s Competition and Markets Authority (CMA) is concerned about a potential $20 billion deal between Adobe and Figma, reports Reuters. The regulator believes that the possible acquisition could harm innovation in the software used by the vast majority of British digital designers. The CMA published the preliminary conclusion as ... Read more

EU officially expresses concern over $20 billion deal between Adobe and Figma

Adobe has received an official antitrust complaint from EU regulators regarding the possible acquisition of Figma for $20 billion, reports The Verge. The European Commission launched an investigation into the deal on August 7. Now, the institution has released a preliminary opinion expressing concern about the merger of the two ... Read more

Figma launches its own AI tools FigJam AI to help with project planning

Figma, the company best known for its eponymous online interface development and prototyping service, has announced a set of artificial intelligence tools for the FigJam interactive whiteboard, writes The Verge. The kit is called FigJam AI, and its purpose is to create ready-made templates for planning projects on a collaborative ... Read more

Adobe will buy Figma for $20 billion

Adobe Systems in official press release announced the acquisition of Figma – a company that offers online tools for the work of designers, reports The Verge. Earlier it was reported that the parties were discussing the purchase of Figma for more than $15 billion, but the official price has increased ... Read more