11–20 of 89 posts
I 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
In 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…
In 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…
I 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.
In what way? None of his existing businesses operate in even remotely the same market as Twitter.
Market Tanks, valuations tank (to reasonable levels or perhaps still slightly inflated levels but not as crazy as before)
Generative AI brings a new threat (and new potential acquisition targets in the near future)
Adobe: How do we get out of this (now) bad deal? .....Oh wait..
DOJ: Preps anti-trust suit
... now Speculating....
Adobe doesn't really contend strongly the anti trust charge. Pays $1B or so (saves $19B for future acquisitions)
Figma......some dreams crushed, but I guess $1B is not too shabby
I 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.
I 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.
I 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.
I 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.
thank god someone mentioned musk, i was starting to shake because it had been more than 30 seconds