News and discussions about technology
LollerCorleone
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10mo ago
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66%
Adobe abandons $20 billion acquisition of Figma
https://www.theverge.com/2023/12/18/24005996/adobe-figma-acquisition-abandoned-termination-feeUnder 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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