Adobe abandons $20 billion acquisition of Figma ![rw-book-cover](https://cdn.vox-cdn.com/thumbor/RI1STjLqQzSNEhSxQxk9h6xyHS4=/0x0:1590x750/1200x628/filters:focal(795x375:796x376)/cdn.vox-cdn.com/uploads/chorus_asset/file/24024886/64a0c70caee4d6089d1b03fa40958aa84422f7bf_2120x1000.png) ## Metadata - Author: [[Jess Weatherbed and a news writer focused on creative industries, computing, and internet culture. Jess started her career at TechRadar, covering news and hardware reviews.]] - Full Title: Adobe abandons $20 billion acquisition of Figma - Category: #articles - Summary: Following regulatory pressure from the UK and EU, Adobe and Figma have mutually agreed to terminate their merger agreement. The agreement would have seen Adobe acquire the Figma product design platform for $20 billion. As a result of the termination, Adobe will pay Figma a reverse termination fee of $1 billion in cash. Both companies expressed disagreement with the regulatory findings but believe it is in their best interests to move forward independently. Adobe remains confident in its ability to capitalize on the market opportunity and its mission to change the world through personalized digital experiences. - URL: https://www.theverge.com/2023/12/18/24005996/adobe-figma-acquisition-abandoned-termination-fee Following mounting pressure from regulators in the [UK](https://www.theverge.com/2023/11/28/23979260/adobe-figma-bid-uk-watchdog-cma-provisional-findings-merger) and [EU](https://www.theverge.com/2023/11/20/23961096/adobe-figma-acquisition-antitrust-eu-statement-of-objections), Adobe and Figma announced on Monday that both companies are mutually terminating their merger agreement, which would have seen Adobe acquire the [Figma product design platform for $20 billion](https://www.theverge.com/2022/9/15/23354532/adobe-figma-acquisition-20-billion-official). As a result of the termination, Adobe will be required to pay Figma a [reverse termination fee of $1 billion](https://www.sec.gov/Archives/edgar/data/796343/000114036122033413/ny20005310x2_8k.htm) 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 Adobe chair and CEO Shantanu Narayen [in a statement](https://news.adobe.com/news/news-details/2023/Adobe-and-Figma-Mutually-Agree-to-Terminate-Merger-Agreement/default.aspx). “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.”, Adobe abandons $20 billion acquisition of Figma, Jess Weatherbed and a news writer focused on creative industries, computing, and internet culture. Jess started her career at TechRadar, covering news and hardware reviews., 01hhynw7zxtbcdc5f1kd2dwvme.