Figma will receive a $1 billion fee.
  • DominusOfMegadeus@sh.itjust.worksEnglish
    32·
    11 months ago

    ”While Adobe and Figma shared a vision to jointly redefine the future of creativity and productivity, we continue to be well positioned to capitalize on our massive market opportunity and mission to change the world through personalized digital experiences.”

    I vehemently don’t want Adobe to achieve any of these things.

  • asterfield@lemmy.worldEnglish
    27·
    11 months ago

    I am thrilled to see an example of regulators actually putting work into blocking monopolistic mergers. Hopefully this is the beginning of many.

    • TheGrandNagus@lemmy.worldEnglish
      6·
      11 months ago

      The CMA in the UK thankfully is independent of parliament, and therefore has a fighting chance of actually being competent.

    • cybervseas@lemmy.worldEnglish
      6·
      11 months ago

      If I read it right, Adobe is going to pay Figma a billion dollars since the deal didn’t go through. Good for Figma?

      • Pwnmode@lemmy.worldEnglish
        2·
        11 months ago

        Lol right. Here’s a cool bill for an investment we can’t control. Seems legit assuming it is