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Coverage dated December 17, 2023

Adobe calls off $20 billion deal for Figma after pushback from Europe over possible antitrust issues

Headline from WTOP Washington DC

Adobe’s planned $20 billion acquisition of online design company Figma is being called off due to pushback in Europe over antitrust concerns, the companies said Monday.

WTOP Washington DC's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

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Reports & sources

16 articles, oldest first.

  1. WTOP Washington DC

    Adobe calls off $20 billion deal for Figma after pushback from Europe over possible antitrust issues (opens WTOP Washington DC)

    Published

    WTOP Washington DC's feed description

    Adobe’s planned $20 billion acquisition of online design company Figma is being called off due to pushback in Europe over antitrust concerns, the companies said Monday.

  2. Bloomberg

    Adobe and Figma Terminate $20 Billion Deal After Regulator Clash (opens Bloomberg)

    Published

    Bloomberg's feed description

    Adobe Inc. has walked away from its $20 billion acquisition of startup Figma Inc. after clashing with regulators in Europe and the UK.

  3. Investor's Business Daily

    Adobe Cancels Figma Acquisition Amid Regulatory Objections (opens Investor's Business Daily)

    Published

    Investor's Business Daily's feed description

    Adobe announced that it has canceled its $20 billion acquisition of Figma after running into regulatory roadblocks. ADBE stock rose.

  4. Washington Times

    Adobe calls off $20 billion deal for Figma amid pushback from Europe over possible antitrust issues (opens Washington Times)

    Published

    Washington Times's feed description

    Adobe’s planned $20 billion acquisition of online design company Figma is being called off due to pushback in Europe over antitrust concerns, the companies said Monday.

  5. Insider

    Adobe has called off its plans to acquire rival Figma for $20 billion (opens Insider)

    Published

    Insider's feed description

    Adobe will now pay Figma a termination fee, which it previously said would come to $1 billion.

  6. Forbes

    Adobe Terminates $20 Billion Deal For Figma—Both Firms Say There’s ‘No Clear Path’ For Regulator Approval (opens Forbes)

    Published

    Forbes's feed description

    The U.K.’s competition watchdog said Adobe failed to propose remedies for regulatory concerns.

  7. Investopedia

    Adobe Stock Rises After Abandoning $20B Deal to Buy Figma, Citing Regulatory Hurdles (opens Investopedia)

    Published

    Investopedia's feed description

    Adobe shares rose after the company announced it was calling off plans to acquire Figma in a $20 billion merger, citing regulatory hurdles.

  8. Gizmodo

    Adobe Officially Cancels $20 Billion Figma Acquisition (opens Gizmodo)

    Published

    Gizmodo's feed description

    Adobe refused to compromise on the deal that regulators feared would create an “all-in-one” design monopoly.

  9. Kilgore News Herald

    Adobe ends $20 billion Figma takeover following EU, UK pushback (opens Kilgore News Herald)

    Published

    Kilgore News Herald's feed description

    Adobe said it sees 'no clear path' toward gaining approval for the $20 billion deal from regulators in Europe and the U.K.

  10. Variety

    Adobe Abandons $20 Billion Bid for Figma, Citing Regulatory Opposition to Deal (opens Variety)

    Published

    Variety's feed description

    Adobe called off plans to buy Figma, web-based collaborative design platform, citing regulatory opposition to the proposed $20 billion deal.

  11. Engadget

    Adobe terminates its $20 billion Figma acquisition amid regulatory scrutiny (opens Engadget)

    Published

    Engadget's feed description

    Adobe and Figma have abandoned their $20 billion merger plan after determining there was no clear way to gain approval from UK and European Union regulators.

  12. The Guardian

    Adobe drops $20bn takeover of Figma after EU and UK regulator concerns (opens The Guardian)

    Published

    The Guardian's feed description

    UK’s CMA said deal would threaten competition in the product design, image editing and illustration markets

  13. New York Times

    Adobe Scraps Its $20 Billion Takeover of Figma (opens New York Times)

    Published

    New York Times's feed description

    Adobe will pay a $1 billion breakup fee to the design software maker, amid greater antitrust scrutiny of mergers.

  14. Fortune

    Adobe to pay Figma a $1B breakup fee after European regulators scuttle proposed merger (opens Fortune)

    Published

    Fortune's feed description

    “Despite thousands of hours spent with regulators around the world...we no longer see a path toward regulatory approval," Figma's CEO wrote.

  15. FOX Business

    Adobe scraps $20B acquisition of design platform Figma after facing regulatory hurdles (opens FOX Business)

    Published

    FOX Business's feed description

    Adobe has abandoned its $20 billion deal to acquire design platform Figma, citing a lack of approval from regulators. Adobe will pay a termination fee of $1 billion.

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.

Adobe calls off $20 billion deal for Figma after pushback from Europe over possible antitrust issues | Since Then