This week, Adobe and Figma announced that they have called off their US$20 billion deal in which Adobe would have acquired Figma’s product design platform, as a result of regulatory pushback in the U.K. and EU. As a result, Adobe must pay Figma a reverse termination fee of US$1 billion in cash.
“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, chair and CEO, 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.”
