Adobe and Figma have called off their planned merger more than a year after the deal was announced. The software giant behind the likes of Illustrator, Photoshop and now Firefly was to pay $20 billion for the collaborative UI design platform, but the deal came in for intense scrutiny from competition regulators in the EU and the UK.
Dropping its acquisition of the platform that remains our pick of the best UI design tools will be a costly decision for Adobe. It will have to pay Figma a $1 billion reverse termination fee as a result. The move also leaves Adobe out of the UI design software market, at least for now.
