Figma will receive a $1 billion fee.

Adobe abandons $20 billion acquisition of Figma::Adobe will no longer acquire Figma after pressure from European regulators made the deal appear unlikely. Figma will receive a $1 billion breakup fee.

  • tengkuizdihar@programming.devEnglish
    0·
    11 months ago

    $1 Billion breakup fee sounds like a free $1 Billion dollar to me. Like, what kind of logistical nightmare does Figma have gone through to need $1 Billion as a consolation prize?

    • AnomalousBit@programming.devEnglish
      0·
      11 months ago

      I had to think about this before it became apparent to me as well. Adobe is and probably will be one of Figma’s biggest competitors and they just let Adobe see how the secret sauce is made. At least they walked away with a fat check for it.

      All you little tech companies out there need to be alert. Be it Adobe, Apple or some other tech giant: if they come knocking with a proposition to acquire you with a check that has stupid number of zeros on it, they might just be stealing your IP while you’re giving them the full tour of your company only to leave you high and dry afterwards. Guess it only makes sense at least when it comes to Apple and Microsoft stealing all that precious IP from Xerox PARC.

      https://m.slashdot.org/story/413400