Adobe and Figma scrap US$20 billion merger amid antitrust concerns

Image: Figma

Adobe and Figma have called off their $20 billion merger deal after facing regulatory hurdles in the UK and EU. Adobe will pay Figma a US$1 billion breakup fee in cash. Adobe had little chance to salvage the deal and get what it wanted from Figma, without giving up some of its own products.

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Canadian Reviewer Weekly Roundup - 8/20- 8/26

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Sega completes USD 776 million Rovio acquisition

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Sega completes USD 776 million Rovio acquisition

Sega Sammy

Sega Sammy has finalized its acquisition of Rovio, the developer behind the Angry Birds franchise, for USD 776 million. The deal was announced in April, but required some regulatory approvals. Sega hopes to boost its presence in the mobile gaming market with Rovio’s expertise and assets.

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FTC appeals judge’s ruling on Microsoft-Activision deal

The U.S. Federal Trade Commission (FTC) said it is challenging a judge’s approval of Microsoft’s USD 69 billion Activision Blizzard deal. Microsoft vowed to fight back and said the FTC had a weak case. The judge had dismissed the FTC’s claim that the deal would hurt consumers by giving Microsoft exclusive access to popular games like Call of Duty. The FTC could ask the appeals court to halt the deal by Friday. 

Meanwhile, Britain’s Competition and Markets Authority said a revised deal could ease its worries, pending a new probe. 

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