Following mounting pressure from regulators in the UK and EU, Adobe and Figma announced on Monday that both companies are mutually terminating their merger agreement, which would have seen Adobe acquire the Figma product design platform for $20 billion.
Regulators worried that Adobe would harm innovation that could have occurred should Figma be allowed to flourish independently.
The authority wanted Adobe to make a significant divestment of assets, source code, and engineers to “restore the conditions of competition.”
More to it in the article, but damn they really hyped it up and had me a bit excited for it. Curious to see what comes next from these two companies.
Discussion (3)
Figma would of been one of my main reason to start paying for the Adobe suite of products, now I’m back to being very ambivalent.
Adobe is getting pricey. Their promoted simple plan is $59.99/mo.
And half that stuff you will not use. If you decide to just get a single program, you end up paying around $22.99, which is fine but most people would like at least 2-3, which then forced you to get the “all in one” plan.
I'm kinda glad, not a fan of adobe but big fan of Figma.