Sources: Figma has met with banks in recent weeks to discuss an IPO that could come as soon as 2025; EU and US regulators stymied its $20B sale to Adobe in 2023
The may not get $20B in the IPO but they've avoided the inevitable enshitification an Adobe acquisition would have caused.
Figma is letting staff and early investors sell up to $900M of shares in a tender at a $12.5B valuation, down ~38% from Adobe's $20B acquisition proposal
Adobe and Figma end their $20B merger, announced in September 2022, over “no clear path” to EU and UK antitrust approval; Adobe owes Figma a $1B termination fee
Adobe (ADBE.O) on Monday shelved its $20 billion cash-and-stock deal for cloud-based designer platform Figma …
Adobe and Figma terminate their $20B merger, announced in September 2022, after seeing “no clear path” to UK and EU regulatory approval; Adobe will pay $1B
Adobe (ADBE.O) on Monday shelved its $20 billion cash-and-stock deal for cloud-based designer platform Figma, pointing to …
Sources: Adobe's proposal to address EU and UK regulator concerns for its $20B Figma deal may include not tying Figma into Creative Cloud and divesting Adobe XD
Bloomberg :
After Adobe announced its $20B Figma acquisition in September 2022, the deal has stalled due to regulatory challenges and Adobe has shifted its attention to AI
Brody Ford / Bloomberg : X: @sarthakgh , @auchenberg , and @sperand_io X: Sar Haribhakti / @sarthakgh : “Adobe's focus at its annual conference...was on new generative artificial intelligence feature...
Sources: EU antitrust regulators plan to open a detailed “phase 2” investigation into Adobe's Figma acquisition later in 2023, which may derail the $20B deal
Transaction faces lengthy antitrust probe in Brussels as global watchdogs signal concern over market consolidation
A filing details Adobe's $20B Figma acquisition: multiple attempts in 2020 and 2021 before co-founder Dylan Field accepted, interest from Microsoft, and more
Adobe Inc. tried to acquire design firm Figma Inc. for years before co-founder Dylan Field and the startup finally accepted …
Adobe's Figma retention package may be the biggest since Facebook bought WhatsApp in 2014, exceeding deal packages from Auth0, LinkedIn, Mobileye, and Slack
a key player in the Figma deal, now on the Adobe side. Salesforce couldn't hold on to Tableau's Adam Selipsky, back as CEO at AWS. https://www.forbes.com/... https://twitter.com/... Alex Konrad / @ale...
Adobe's $20B Figma acquisition will likely face antitrust scrutiny over whether the deal would snuff out competition or harm consumers by taking away choices
Hello, and welcome to Pipeline. I'm Biz Carson, and I'm devastated after I lost my 149-day Wordle streak to “parer” yesterday.