The European Union and the United Kingdom insist that the operation would have undermined competition

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Adobe said the unraveling of the Figma acquisition "will reduce investment and innovation and ultimately harm customers of both companies."

However, European Competition Commissioner Margrethe Vestager stresses that the planned merger of the two companies "would have dynamited current competition and prevented any attempt at future competition between Adobe and Figma."

“Our research has shown that the deal guangdong mobile phone numbers database could eventually lead to higher prices, lower quality and fewer choices for consumers . In digital markets as well as in more traditional industries, it is important to keep an eye not only on current competition but also on future competition in order to protect it. This applies in particular to transactions made by large companies to acquire smaller, disruptive companies,” Vestager emphasises.

The deal , which was announced in September last year, is the latest acquisition in the technology sector that has come under intense scrutiny from regulators on both sides of the Atlantic.

Earlier this year, the CMA attempted to block Microsoft's $69 billion acquisition of Activision Blizzard, billed as the largest-ever deal in the video game industry.

However, despite regulatory hurdles, Microsoft was finally able to complete its purchase of Activision Blizzard last October .