Co-founder & CEO of Figma Dylan Field speaks onstage during TechCrunch Disrupt 2022 on October 20, 2022 in San Francisco, California.
  • Adobe is no longer acquiring rival Figma, the companies said Monday.
  • Adobe had been set to acquire the design software company for around $20 billion.
  • The termination comes amid heavy scrutiny from UK and EU antitrust regulators.

Adobe has called off its plans to acquire design software rival Figma for around $20 billion, the two companies announced on Monday.