Adobe abandons $20 billion acquisition of Figma
Adobe abandons $20 billion acquisition of Figma
www.theverge.com Adobe abandons $20 billion acquisition of Figma
Figma will receive a $1 billion fee.
![Adobe abandons $20 billion acquisition of Figma](https://lemmy.world/pictrs/image/7842547c-0647-47aa-b15b-0fdb4696dec5.jpeg?format=webp&thumbnail=256)
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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I’ll sell them Ligma for a cool mil.
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