In the wake of increasing pressure from European regulators, Adobe and Figma announced they are terminating their proposed merger agreement. California-based Adobe had planned to purchase Figma’s cloud-based product design platform for $20 billion, a proposal that was 15 months into the regulatory review process. However, the two companies eventually agreed there was no possibility of obtaining regulatory approval from the European Commission and the UK Competition and Markets Authority (CMA). According to a regulatory filing, the decision to cancel the deal will require Adobe to pay Figma a reverse termination fee of $1 billion in cash. Read more

The Federal Communications Commission is proposing to eliminate penalties for early termination and other so-called junk fees from cable and direct broadcast satellite television providers. The agency will also be studying the impact of such practices on consumers, which it believes may be subject to undue hardship when penalized for things like moving, unexpected financial hardship or poor service. During its December Open Meeting last week, the FCC voted to adopt a Notice of Proposed Rulemaking (NPR) to end what it appears to feel are unjustified fees that also potentially harm competition by adding costs to switching services. Read more

Samsung Display has revealed plans to begin mass production on a new type of monitor with ultra-high-definition resolution of 3840×2160 pixels. Samsung says this is the highest pixel density and UHD resolution among available OLED monitors, and that the display also offers super-fast response speed to thrill gamers. The new QD-OLED monitors will initially be offered in two sizes: 32 inches and 27 inches. Typically, 30-inch QHD monitors offer 2560×1440 pixels, which Samsung says is fine for “general-purpose” use, adding that “consumers who enjoy gaming and high-definition video content will have a strong preference for UHD products.” Read more

Ahead of next month’s CES, Lenovo has unveiled new ThinkPad and IdeaPad laptops powered by Intel’s latest Core Ultra chipsets. The Lenovo ThinkPad X1 Carbon, ThinkPad X1 2-in-1, and IdeaPad Pro 5i are Intel Evo model laptops, each leveraging the Core Ultra’s three compute engines — a CPU, a GPU and, for good measure, a neural processing unit. Lenovo says that while the three generally work together for optimal efficiency, some tasks wind up offloaded to the GPU or NPU to achieve greater performance and power management. Since both form factors use the Windows 11 OS, the new models support Microsoft’s AI Copilot features. Read more

Comcast is now making Xumo Stream Boxes available to its Xfinity broadband customers. New customers can get one Xumo Box for a $15 activation fee and no monthly charge. Additional units will be billed at $5 per month, the company says. The Xumo Stream Box comes preloaded with hundreds of streaming apps. In addition to NBCUniversal’s Peacock streaming service, popular favorites like Disney+, Hulu, Max, Netflix, Amazon Prime Video and YouTube are on the menu. Free ad-supported streaming TV (FAST) channels are also packaged in, with 20 options from Xfinity Stream and more than 300 from Xumo Play. Read more