Get the app
News Discussion
News Discussion
on
ZestyNarwhal
ZestyNarwhal
Stealth

Figma + Adobe's $20Bn Deal Not Going Through

https://www.theverge.com/2023/12/18/24005996/adobe-figma-acquisition-abandoned-termination-fee

Seems like they've mutually agreed on not going through with the deal.

What do you think?

24mo ago
Jobs
One interview, 1000+ job opportunities
Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑
+322 new users this month
ZippyPancake
ZippyPancake
Stealth23mo

Too bad for Figma, they were going to get $30bn. Don't think they'll ever get even half that value again

ZestyNarwhal
ZestyNarwhal
Stealth23mo

i was surprised by the initial price too. I agree with you here!

GigglyNarwhal
GigglyNarwhal
Stealth23mo

No man, I guess Figma has a lot of potential. Almost all companies I have worked with use Figma. They'll now monetize the product heavily though like spotify. Bad for freelancers and enthusiasts.

WobblyPancake
WobblyPancake
Dukaan24mo

I read somewhere figma will get $1B termination fee from adobe

ZestyNarwhal
ZestyNarwhal
Stealth23mo

Same. I think it's a clause that was baked in.

ZippyPancake
ZippyPancake
Stealth23mo

Standard nomenclature for large M&A

Discover more
Curated from across