Adobe throws XD overboard after losing out on $20bn Figma deal

image via techradar.com
image via techradar.com

It’s all over for Adobe XD. After losing out in its $20bn bid for Figma, the firm is conceding defeat in the UI design arena – for now, at least. In the fallout of a deal that saw the company placed under the microscope of competition authorities in Europe and the US, Bloomberg is reporting that Adobe has confirmed it has “no plans to further invest” in its own UI/UX web design software.

https://www.techradar.com/pro/adobe-throws-xd-overboard-after-losing-out-on-dollar20bn-figma-deal

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

DOJ suit could represent significant stumbling block for $20B Adobe-Figma deal

image via techcrunch.com
image via techcrunch.com

The DOJ is reportedly getting ready to file suit to block the $20 billion Adobe-Figma deal announced last year on the grounds it is anti-competitive. Bloomberg first reported the story yesterday afternoon. In a statement, Adobe took exception with the idea that the deal is anti-competitive, arguing that the two companies are looking at very different markets — creativity and collaboration.

https://techcrunch.com/2023/02/24/doj-suit-could-represent-significant-stumbling-block-for-20b-adobe-figma-deal/

Designers worry Adobe won’t let Figma flourish

The world of creative technology was rocked last week by news that industry giant Adobe had acquired Figma, makers of a hugely popular suite of UI and UX design tools, for a whopping $20 billion. The response from designers was immediate — and for the most part, extremely negative.

https://www.theverge.com/2022/9/21/23363188/adobe-destroy-figma-designers-ux-ui-creative-cloud

Adobe snaps up Figma for $20B, taking out one of its biggest rivals in digital design

Big news in the world of digital creative technology: Adobe today announced that it would acquire Figma for $20 billion, taking out one of its biggest rivals in the realm of digital design.

The deal definitely lays down the gauntlet for other big names in the world of digital design. Specifically it will be interesting to see what comes next for companies like Canva and Sketch.

https://techcrunch.com/2022/09/15/adobe-is-buying-figma-for-20b-taking-out-one-of-its-biggest-rivals-in-digital-design/