Welcome to the Tech Mem Right Home for Monday, December 18th,

2023. I'm Brian McCullough. Today, big news Monday.

Adobe and Figma have called off their wedding.

Apple might stop selling its top-of-the-line Apple watches in the U.S. this week.

I'll tell you why.

The EU has formerly opened an investigation into X, and why are all of the Hollywood studios suddenly

willing to sell their content to Netflix again?

Here's what you miss today in the world of tech. We sort of had an inkling this was coming, but this morning Adobe and Figma announced

they have terminated their $20 billion merger, announced back in September of 2022 after

seeing, quote, no clear path to UK or EU regulatory

approval quoting Reuters shares of the Photoshop and illustrator maker which

will pay a termination fee of one billion dollars to Figma rose about 1.7%

pre-market on Monday. Britain's competition watchdog earlier said on Monday that

Adobe would not propose remedies to resolve regulatory concerns regarding the buyout.

Adobe had argued it does not compete with Figma in any meaningful way.

It had said in November, its only product relevant to the antitrust question was the Adobe

XD design tool which lost 25 million

dollars as a standalone app over the last three years and has only five full-time

employees. Adobe and Figma strongly disagree with the recent regulatory findings but we believe it is in

our respective best interests to move forward independently Adobe CEO,

Shantano Narayan said in a statement on Monday end quote.

After an extensive investigation, the UK regulator provisionally concluded

...