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Adobe cancels purchase of Figma

After the announcement last year, Adobe will not be acquiring Figma anymore.

Adobe Figma

It has been announced that last Monday, Figma and Adobe have mutually terminated their merger agreement. Adobe was supposed to acquire Figma and their platform for USD 20PHP 1,174INR 1,695EUR 19CNY 146 billion.

“Adobe and Figma strongly disagree with the recent regulatory findings, but we believe it is in our respective best interests to move forward independently,” said Shantanu Narayen, CEO and chair of Adobe, “While Adobe and Figma shared a vision to jointly redefine the future of creativity and productivity, we continue to be well positioned to capitalize on our massive market opportunity and mission to change the world through personalized digital experiences.”

“It’s not the outcome we had hoped for. But despite thousands of hours spent with regulators around the world detailing differences between our businesses, our products, and the markets we serve, we no longer see a path toward regulatory approval of the deal,” said CEO of Figma Dylan Field.

Cristina Joy Valerio
Cristina Joy Valerio
Cristina Joy D. Valerio, more commonly known as CJ to most, is a Multimedia Producer at Yugatech. She has an interest in the evolving world that is technology. Apart from that, she organizes D&D sessions, plays video games, and watches anime to kill time. CJ's alma mater is iACADEMY and graduated with a Bachelor of Science in Information Technology specializing in Web Development.
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