{"id":998,"date":"2023-12-19T13:23:21","date_gmt":"2023-12-19T13:23:21","guid":{"rendered":"https:\/\/ventil.rs\/blog\/business\/figmas-c-e-o-laments-demise-of-20-billion-deal-with-adobe\/"},"modified":"2023-12-19T13:23:21","modified_gmt":"2023-12-19T13:23:21","slug":"figmas-c-e-o-laments-demise-of-20-billion-deal-with-adobe","status":"publish","type":"post","link":"https:\/\/ventil.rs\/blog\/business\/figmas-c-e-o-laments-demise-of-20-billion-deal-with-adobe\/","title":{"rendered":"Figma\u2019s C.E.O. Laments Demise of $20 Billion Deal With Adobe"},"content":{"rendered":"


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Among the several deals that have fallen apart recently, Adobe\u2019s $20 billion takeover of Figma, an upstart design software maker, is among the most instructive.<\/p>\n

The companies had promised it was a way to \u201cusher in a new era of collaborative creativity,\u201d but regulators in three jurisdictions saw it as an unacceptable effort by a software giant to buy a promising future rival. To Dylan Field, Figma\u2019s chief executive, that contrast underscored a fundamental divide between how businesses and regulators think of competition.<\/p>\n

\u201cIt\u2019s frustrating and sad that we\u2019re not able to complete this,\u201d Mr. Field said in his first interview since companies announced its demise on Monday<\/a>.<\/p>\n

The deal\u2019s end is another feather in antitrust enforcers\u2019 caps. <\/strong>Both the European Commission and Britain\u2019s Competition and Markets Authority were preparing to formally challenge the transaction. (Just hours before the companies announced that the deal was dead, the C.M.A. said Adobe had refused to offer remedies to satisfy concerns.) The Justice Department \u2014 which met with Adobe and Figma representatives<\/a> last week \u2014 had been weighing whether to oppose it as well.<\/p>\n<\/div>\n