Adobe has abandoned its plans for a $20 billion takeover of the design software company Figma after pressure from regulators in the UK and EU, according to a statement released Monday.

This week, Adobe and Figma announced their joint decision to end plans for a $20 billion acquisition.Whereas Adobe had strategized to bring Figma into its suite of creative tools, adding the world ...

News that industry giant Adobe had purchased Figma for $20 billion rocked the world of digial design. But even if the service moves to Creative Cloud, this isn’t a death sentence for Figma.

Figma’s big AI update takes on Adobe, WordPress, and Canva Figma Draw, Buzz, Make, and Sites aim to build Figma into an all-in-one product design platform ...