Adobe refused to purchase Figma

The American company Adobe Inc. She refused the deal to purchase the owner of the Figma interface design service. This decision was made due to doubts about obtaining approvals from antitrust regulators in the UK and the eurozone.

The deal between Adobe and Figma was announced last September and was worth $20 billion. However, in November, the British Competition and Markets Authority (CMA) expressed concerns about the impact of the deal on competition in the field of digital design. The CMA believes that the deal could limit innovation and the creation of new competitive products.

Figma, founded in 2011, provides a service for designing online interfaces for websites and mobile applications. It is a non-public company and is rapidly gaining popularity among designers and developers.

The rejection of the deal means that Adobe and Figma will continue to operate independently of each other. Adobe shares rose 1.3% after this news and have increased their value by 74% since the beginning of this year.