Adobe abandons $20 billion acquisition of Figma

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

https://www.figma.com/blog/figma-adobe-abandon-proposed-merger/

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

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

I saw that too. Assume it will help, but won’t be surprised if there are some cutbacks. Hopefully they have been frugal with hiring 🤞

they have not 

"over the past 15 months. Our team  [...] added more than 500 new Figmates."  source: https://www.figma.com/blog/figma-adobe-abandon-proposed-merger/

Curious to see if the failed Figma/Adobe merger spells layoffs at Figma…$20 billion is a shit ton of money to not have coming into your company.

Posts