Adobe abandons $20 billion acquisition of Figma

image via theverge.com
image via theverge.com

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. “It’s not the outcome we had hoped for,” said Figma CEO Dylan Field in a statement. “But despite thousands of hours spent with regulators around the world detailing differences between our businesses, our products, and the markets we serve, we no longer see a path toward regulatory approval of the deal.”

https://www.theverge.com/2023/12/18/24005996/adobe-figma-acquisition-abandoned-termination-fee

This startup hopes to take on Canva, raising a $11.6M Series A for its design platform

“With Kittl we allow users to create professional-grade designs fast and easily by removing the barrier of a tough learning curve. Our features are designed to make complex design processes simple and accessible with a few clicks. Our competitors either focus on basic tools that only allow a small range of creative freedom, or they take a lot of training and practice to get good at.”

https://techcrunch.com/2023/01/26/this-startup-hopes-to-take-on-canva-raising-a-11-6m-series-a-for-its-design-platform/

Here’s a First Look at iPhone 14 Pro’s New Dynamic Island Notch

With a combination of hardware and software, the Dynamic Island can morph into different shapes and sizes for things such as incoming phone calls, alerts, notifications, Face ID authentication, timers, turn-by-turn navigation, and more. The pill-shaped cutout takes up less space than the traditional notch did on the iPhone 13 Pro models.

https://www.macrumors.com/2022/09/07/iphone-14-pro-dynamic-island-notch/