{"id":62664,"date":"2023-12-18T13:11:32","date_gmt":"2023-12-18T13:11:32","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/12\/18\/adobe-abandons-20-billion-acquisition-of-figma\/"},"modified":"2023-12-18T13:11:32","modified_gmt":"2023-12-18T13:11:32","slug":"adobe-abandons-20-billion-acquisition-of-figma","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/12\/18\/adobe-abandons-20-billion-acquisition-of-figma\/","title":{"rendered":"Adobe abandons $20 billion acquisition of Figma"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">Following mounting pressure from regulators in the <a href=\"https:\/\/www.theverge.com\/2023\/11\/28\/23979260\/adobe-figma-bid-uk-watchdog-cma-provisional-findings-merger\" target=\"_blank\" rel=\"noopener\">UK <\/a>and <a href=\"https:\/\/www.theverge.com\/2023\/11\/20\/23961096\/adobe-figma-acquisition-antitrust-eu-statement-of-objections\" target=\"_blank\" rel=\"noopener\">EU<\/a>, Adobe and Figma announced on Monday that both companies are mutually terminating their merger agreement, which would have seen Adobe acquire the <a href=\"https:\/\/www.theverge.com\/2022\/9\/15\/23354532\/adobe-figma-acquisition-20-billion-official\" target=\"_blank\" rel=\"noopener\">Figma product design platform for $20 billion<\/a>.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">\u201cAdobe and Figma strongly disagree with the recent regulatory findings, but we believe it is in our respective best interests to move forward independently,\u201d said Adobe chair and CEO Shantanu Narayen <a href=\"https:\/\/news.adobe.com\/news\/news-details\/2023\/Adobe-and-Figma-Mutually-Agree-to-Terminate-Merger-Agreement\/default.aspx\" target=\"_blank\" rel=\"noopener\">in a statement<\/a>. \u201cWhile 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.\u201d<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.theverge.com\/2023\/12\/18\/24005996\/adobe-figma-acquisition-abandoned-termination-fee\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following mounting pressure from regulators in the UK and EU, 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. \u201cAdobe and Figma strongly disagree with the recent regulatory findings, but we believe it is in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":62665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":{"0":"post-62664","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tech"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/62664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=62664"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/62664\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/62665"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=62664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=62664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=62664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}