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Adobe abandons $20 billion acquisition of Figma (www.theverge.com)

submitted 8 months ago by throws_lemy@lemmy.nz to c/technology@lemmy.world

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[-] simple@lemm.ee 61 points 8 months ago

Awesome news. Bless the regulators fighting back.

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

This does bring a smile to my face. Maybe companies will actually stop trying to mass acquire everything when there are risks involved.

[-] LifeInMultipleChoice@lemmy.world 2 points 8 months ago

Or just write contracts that put the fall through on the smaller company that fails acquisition. (Seems more likely) Sucks, but many business acts do now

this post was submitted on 18 Dec 2023

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