this post was submitted on 19 Dec 2023
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Adobe abandons $20 billion acquisition of Figma (www.theverge.com)
submitted 9 months ago by [email protected] to c/[email protected]
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Under pressure from regulators, Adobe calls off its plans to acquire a leading competitor.

As a result of the termination, Adobe will be required to pay Figma a reverse termination fee of $1 billion in cash.

Looks like Adobe is losing out on all ends lol

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[–] [email protected] 2 points 9 months ago

I’ll sell them Ligma for a cool mil.