Following the failure of its proposed $20 billion acquisition of Figma Inc., Adobe Inc. has decided to discontinue its endeavor to develop a web design product that would compete with Figma Inc. After Adobe agreed to buy Figma, which helps users design user interfaces for apps and websites, Adobe put its rival program XD into “maintenance mode,” ceasing to launch new features or sell them separately. The deal to buy Figma fell apart under regulatory pressure in December, and the creative software giant hasn’t said whether it will revive XD…

(Reuters) – Adobe on Monday scrapped its $20 billion deal for cloud-based design platform Figma, indicating there is “no clear path” to antitrust approval in Europe and Britain, which would have been one of the software startup’s biggest acquisitions. The cash-and-stock deal, announced in September last year, was the latest to come under intense scrutiny from regulators worried about Big Tech buyouts that increase the market power of dominant companies or involve startups seen as emerging rivals. Adobe is paying a $1 billion severance fee to San Francisco-based Figma, whose…

After facing regulatory hurdles in Europe and the UK, Adobe Inc. has decided to abandon its $20 billion purchase of startup Figma Inc. The companies announced on Monday that Adobe will compensate Figma with a $1 billion termination fee. The decision was made due to the lack of a feasible strategy to obtain regulatory approvals from the European Commission and the UK’s Competition and Markets Authority. Adobe, for years a dominant force in creative software such as Photoshop and Illustrator, announced the acquisition of Figma in September 2022. The acquisition,…

The Computer Emergency Response Team (CERT-In) under the Ministry of Electronics and Information Technology has issued a critical warning about several vulnerabilities in Adobe applications. These vulnerabilities could allow an attacker to bypass security restrictions on the targeted system. According to India’s cyber agency, several vulnerabilities have been reported in Adobe products that allow an attacker to bypass security restrictions, execute arbitrary code remotely, expose sensitive information and execute denial-of-service conditions on a targeted system. The agency has recommended users of these Adobe applications to quickly install the necessary patches.…

Have you ever recorded something important, thought it sounded great when you replayed it yourself in a flash, but when you review it during editing or when you return to a quieter place, you find that the sound has inconsistencies in the form of a lot of background noise – the infamous “hiss” or the sound quality itself turned out to be less than optimal? Well, most of us have experienced this – Whether you’re a content creator, a casual user trying to complete a task, or even a professional…

The Indian Cyber Bureau has issued a critical warning to Adobe Photoshop users in India. According to the Computer Emergency Response Team (CERT-In), which operates under the Ministry of Electronics and Information Technology, several vulnerabilities have been reported in Adobe products. A remote attacker could exploit these vulnerabilities to cause memory leaks, bypass security restrictions, execute arbitrary code, escalate privileges and cause a denial of service (DoS) state on a targeted system, the agency said. CERT-In explained that Adobe has these vulnerabilities due to usage after free, out-of-bounds read, invalid…