Adobe announces termination of acquisition of Figma after $20 billion deal falls through

Adobe announced it has signed a final acquisition agreement with startup Figma. According to the agreement, Adobe will acquire Figma for approximately US$20 billion (approximately 142.6 billion yuan) in cash and stock. The acquisition will be officially completed on September 15, 2022

Adobe and Figma have reached a consensus and agreed to terminate the merger agreement. However, Adobe still needs to pay Figma a cash "breakup fee" of US$1 billion (approximately 7.13 billion yuan)

According to this news Affected by the impact, Adobe rose by US$9.87 before the US stock market opened, an increase of approximately 1.69%, and its current market value is approximately US$266.205 billion

In November this year , EU regulators formally filed antitrust charges against Adobe, opposing its $20 billion acquisition of Figma

The European Commission believes that if the deal is successful, it may have a negative impact on the global market for interactive product design tools, vector graphics Competition between editing tools and raster editing tools has 'significantly reduced' impact

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