“despite thousands of hours spent with regulators around the world detailing differences between our businesses, our products, and the markets we serve, we no longer see a path toward regulatory approval of the deal.”
Fifteen months of regulatory review end with both sides walking away. Figma spent thousands of hours telling regulators its products and markets were different from Adobe’s. Regulators didn’t buy it. In the same post Figma brags about shipping Dev Mode, AI features and 500 new hires while the deal was pending. A company that strong on its own was exactly what regulators didn’t want Adobe to swallow.