Crypto EcoBlog
Adobe’s $20 billion bid to buy its competitor Figma has been officially terminated. Last year, Adobe Inc (NASDAQ: ADBE) revealed its plans to pay $20 billion in cash and stock to acquire Figma, a popular cloud-based design platform. This would have not only increased Adobe’s market share but also its market power, which causes concerns among regulators. Now, Adobe and Figma have announced that they will be scrapping the deal due to the regulators’ concerns and demands. Adobe Exiting the...
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