Big Law
Adobe and Figma Will Terminate Planned $20 Billion Merger After Regulatory Scrutiny

Adobe and Figma, the cloud-based design tool, will terminate their planned $20 billion merger in light of regulatory hurdles, the companies said Monday.
In a statement, the two companies said, “there is no clear path to receive necessary regulatory approvals from the European Commission and the UK Competition and Markets Authority.”
Adobe shares rose around 0.6% in Monday morning trading.
Read the source article at CNBC