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Three Figma investors said the failed Adobe deal was an inflection point amid a fresh wave of opportunity thanks to AI.
Not too long ago, Adobe Inc. tried to acquire Figma Inc. for about $20 billion before regulators pushed back. Now investors will get a chance to own a piece of that smaller design-software company.
The design software startup, helmed by cofounder Dylan Field, moved closer towards one of the most anticipated public offerings of the year.
The main Department of Justice building, across from the National Archives in Washington, was the kind of brooding edifice ...
Adobe CEO Shantanu Narayen believes that the two companies will be better together. “The combination of Adobe and Figma will significantly expand our reach and market opportunity while making ...
Shares of Adobe (NASDAQ:ADBE) have been left out of the great AI rally amid rising competitive pressures from rivals who’ve ...
No Figma means Adobe is $1 billion poorer. In September 2022, Adobe said it would acquire Figma for $20 billion, half in new stock and half in cash (much of that cash funded with new debt).
Adobe’s $20 billion acquisition of Figma means Adobe will once again be taking a major competitor off the market and bringing it under its own umbrella. Adobe’s influence is growing even larger.
Adobe and Figma representatives have spent good chunks of the last year on airplanes going to talk to various regulatory bodies, trying to convince them that the deal is, in fact, not anticompetitive.
Adobe caused a stir on Wall Street and in Silicon Valley when it announced on Thursday that it was buying design software startup Figma for $20 billion.
How Figma and Adobe think they could work together. After a year of talking about their proposed deal, both sides are ready to show what it would actually look like.
The Figma deal is Adobe’s biggest M&A play in its 40-year history. In 2021, Adobe paid $1.275 billion for Frame.io, a cloud-based video collaboration platform with more than 1 million users ...