Adobe and figma mutually agree to terminate merger agreement

San jose, calif. & san francisco--(business wire)--today, adobe (nasdaq:adbe) and figma announced that they have entered into a mutual agreement to terminate their previously announced merger agreement, originally announced on september 15, 2022, under which adobe would have acquired figma for a mix of cash and stock consideration. although both companies continue to believe in the merits and procompetitive benefits of the combination, adobe and figma mutually agreed to terminate the transactio.
ADBE Ratings Summary
ADBE Quant Ranking