Adobe decided to drop its plan to buy Figma for $20 billion.

Why? Well, they ran into some issues with the rules in the EU and the UK.

Adobe and Figma agreed to cancel their big merger deal. This is a total U-turn from what they announced back in 2022.

I covered the acquisition deal back then; here it is:

Originally, Adobe had this cool idea to buy Figma using a mix of cash and stock.

But, surprise! Regulatory problems popped up, and now, no deal.

Because of this canceled plan, Adobe will have to pay Figma a $1 billion breakup fee.

It is important for every designer, like you and me, who wants a more open and creative space! Here’s why it’s awesome:

The competition become better!

When one company dominates everything, it can slow down progress.

But now, with the merger off, both Adobe and Figma can keep getting better!

Adobe, with all its fancy tools, might focus on making smart AI tools and working better with other programs.

Figma could put even more energy into making it easy for us to work together and keep things simple for everyone.

This friendly competition means we, the designers, get cooler and more useful tools to make our ideas come to life!

Innovation is Limitless!

Now that the merger’s canceled, both Adobe and Figma can grow in their own ways.

Figma can make its cool collaborative tool, and Adobe can try out new creative things without any limits.

Canceling the merger means endless possibilities.

Impact on market

So, when a big deal like the Figma acquisition by Adobe gets canceled, it’s not just about the companies. It affects a bunch of people, like the folks working…