Adobe drops $20bn acquisition bid for Figma due to regulatory concerns

Adobe walked away from its $20 billion acquisition of start-up Figma on Monday after clashing with regulators in Europe and the UK.

Adobe will pay Figma a $1 billion termination fee, the companies said in a statement Monday. They saw “no clear path” to getting regulatory approvals from the European Commission and the UK’s Competition and Markets Authority.

Adobe, the dominant force for years in such creative software as Photoshop and Illustrator, announced the purchase ...