Balanced News: More than a year later, the $20B Adobe-Figma deal is still stuck in regulatory limbo

Adobe’s $20 billion acquisition of Figma has been stuck in regulatory limbo for over a year. Figma, a startup that was valued at half that amount, has continued to work on its platform and has hired 500 new employees since the deal was announced. The company hosted a conference in June and introduced a new developer mode. Both Adobe and Figma have been trying to convince regulators that the deal is not anticompetitive, but the regulators are still reviewing the filings. The decision of the regulators will determine whether the two companies remain separate or come together with a significant amount of money involved.