DOJ Preps Antitrust Suit to Block Adobe’s $20B Figma Deal
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Re: DOJ Preps Antitrust Suit to Block Adobe’s $20B Figma Deal
#2That would be incredible, please do! Figma is the only design tool that actually approaches design from an engineering standpoint, which can be seen in their feature set of things like having reusable components, variants, inheritance etc, which then maps very cleanly onto the code side.
Re: DOJ Preps Antitrust Suit to Block Adobe’s $20B Figma Deal
#3I don't agree on the Blizzard stuff but in this instance I agree with what the US government is doing. Adobe is a stronger hold on the design tools market than any other company and Figma was good competition
Re: DOJ Preps Antitrust Suit to Block Adobe’s $20B Figma Deal
#4[flagged]
Re: DOJ Preps Antitrust Suit to Block Adobe’s $20B Figma Deal
#5I have read more than once Adobe might secretly be ok with this. Price agreed to before valuations fully cratered.
I am sure Musk wished the DOJ could have helped him out as well.
Re: DOJ Preps Antitrust Suit to Block Adobe’s $20B Figma Deal
#6[flagged]
Maybe, maybe not. Perhaps they got a free pass out of an acquisition way off oc current market levels.
Re: DOJ Preps Antitrust Suit to Block Adobe’s $20B Figma Deal
#7I would not be surprised if Adobe intentionally added monopolistic terms to their deal with Figma or acted that the deal was monopolistic in front of antitrust officials in the hope that they might block the deal, considering that they are paying $20B for something that, in today's market, is worth way less than that.
If I am not mistaken, the fact that DOJ is preparing a suit means that the deal will not go through for at least a year or more, so Adobe can delay paying. They can also, intentionally, perform poorly in court to let DOJ get an easy win and avoid paying Figma.
In my opinion, the only losing party in this story is Figma. Adobe gets a chance to back out and DOJ gets a chance at an easy win. I am surprised FTC didn't jump on this, considering they are looking for wins, after their weak lawsuit against Meta's acquisition of Within.
Re: DOJ Preps Antitrust Suit to Block Adobe’s $20B Figma Deal
#8In case you ever find yourself with as much leverage as Figma seemingly had… always negotiate a break up fee to compensate for exactly this.
T-Mobile famously got a $4B breakup fee after DOJ blocked ATT from acquiring them. That $4B was used to buy more spectrum and overhaul the brand, leading to huge growth to the point that T-Mobile is now a big 3 player (it used to be big 2 only).
If Figma wrangles $2-3B cash out of this, they could probably take down the entire adobe ecosystem.
Re: DOJ Preps Antitrust Suit to Block Adobe’s $20B Figma Deal
#9In case you ever find yourself with as much leverage as Figma seemingly had… always negotiate a break up fee to compensate for exactly this. T-Mobile famously got a $4B breakup fee after DOJ blocked ATT from acquiring them. That $4B was used to buy more spectrum and overhaul the brand, leading to huge growth to the point that T-Mobile is now a big 3 player (it used to be big 2 only). If Figma wrangles $2-3B cash out…
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Re: DOJ Preps Antitrust Suit to Block Adobe’s $20B Figma Deal
#10I would not be surprised if Adobe intentionally added monopolistic terms to their deal with Figma or acted that the deal was monopolistic in front of antitrust officials in the hope that they might block the deal, considering that they are paying $20B for something that, in today's market, is worth way less than that. If I am not mistaken, the fact that DOJ is preparing a suit means that the deal will not go through…
Figma will get $1B in breakup fees. Not sure that's a loss.