Most used in the world Photoshop, illustrator And After Effects Developer of graphics software such as Adobeanother long-time graphics software developer figmaHe was trying to buy . However, this big deal was canceled after regulatory authorities stepped in. Here are the details…
The $20 billion acquisition agreement between Adobe and Figma was canceled!
2021 Offering video production software in Frame.iothe $1.3 billion purchaser in return Adobethen your eyes figmaHe turned it to . subsequently September 2022The agreement between the two companies was announced in .
AdobeIt was predicted that competition authorities would intervene in this agreement because it would acquire one of its biggest competitors. Then it happened as predicted. US Department of Justice (DoJ), European Commission And UK Competition and Markets Authoritylaunched an in-depth investigation into this agreement, citing that it would harm competition.
Investigation into Meta by the Competition Authority
The Competition Authority announced that an investigation was opened against Meta company. The connection between Threads and Instagram was given as the reason.
After a long time, today, as a result of the pressure of regulatory authorities, Adobe And figma between 20 billion dollarsThe purchase agreement was terminated. This agreement March 2024giving a guarantee that it will end in AdobeBecause he can’t afford it figmato $1 billion paid compensation.
Approval was given for Microsoft – Activision Blizzard
Adobe And figma does not accept the agreement between UK Competition and Markets Authoritycompleted in recent months Microsoft – Activision Blizzard had approved the purchase agreement. Users on social media criticized the UK Competition and Markets Authority for handling these two similar agreements differently.
On the other hand, many people welcomed the termination of this purchase agreement, thinking that it would provide more benefits to users in terms of protecting competition.
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