470

Adobe abandons $20 billion acquisition of Figma (www.theverge.com)

submitted 11 months ago by throws_lemy@lemmy.nz to c/technology@lemmy.world

70 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[-] TheGrandNagus@lemmy.world 65 points 11 months ago

In a letter dated December 14th, Adobe rejected remedies suggested by the UK’s Competition and Markets Authority (CMA) to approve the merger following an in-depth antitrust probe. The authority wanted Adobe to make a significant divestment of assets, source code, and engineers to “restore the conditions of competition.” All parties were expected to discuss the CMA’s provisional decision to block the deal on December 21st, with a final deadline to approve or block the acquisition set for February 25th.

Based CMA

this post was submitted on 18 Dec 2023

470 points (98.4% liked)

Technology

59583 readers

3470 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS