A consideration: could these regulatory issues not rather be some welcome pretense for Adobe to cancel the merger since Adobe by now realized that they would overpay for Figma?
Figma and Adobe abandon proposed merger
311–320 of 1001 posts
Re: Figma and Adobe abandon proposed merger
#312Anyone else think this has nothing to do with the regulatory agencies but instead the market has dramatically shifted in the past 15 months in terms of valuations and this is a nice cover to cancel the deal? Figma still gets $1B "investment" without giving up any equity or control and Adobe gets to walk away from a massive $20B fee. Adobe makes $17B a year in revenue, they would need some pretty strong growth out of…
> Sure Adobe has the market cornered but it doesn't seem like this is where the agencies would suddenly choose to care so much. And if it was regulatory, then shouldn't those agencies come out and say "We blocked this, no go."
Both the EU and UK had already provisionally found that the deal was a problem, and the DoJ was expected to file suit. The companies had a meeting with the DoJ last Thursday [0]. They previously met with the EU on the 8th, and had a deadline to submit a settlement offer to them (not sure what that means) on the 21st.
Maybe all of those meetings were actually going better than they're trying to make it sound, but the regulators certainly appear to have been paying very close attention to this one, and the timing of the deal cancellation is about right for it to be due to regulatory pressure.
[0] https://www.politico.com/news/2023/12/15/adobe-figma-meet-wi...
Re: Figma and Adobe abandon proposed merger
#313Re: Figma and Adobe abandon proposed merger
#314Earlier quoted context omitted.
And *this* is The Key difference between an entrepreneur and a mom & pop. That said, even a mom & pop should be mindful of exit. What happens when the owner(s) wants to retire? Or has a serious health issue? Or has a family member with a health issue? Etc.? You don't have to be a unicorn to build something that someone else wants to acquire. Editorial: And this is why I dislike words like solopreneur, mompreneur, and…
> But that's not a 'preneur. If you are the business and the business is you, you're ability to exit is highly limited. That's not a 'preneur. If you get hit by a bus and your customers are screwed and the business tanks. That's not a 'preneur. Sorry, but it absolutely is. Entrepreneurship is just starting a business and taking on the majority of the risks and rewards. There is nothing in the definition that says you…
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Re: Figma and Adobe abandon proposed merger
#315Earlier quoted context omitted.
And *this* is The Key difference between an entrepreneur and a mom & pop. That said, even a mom & pop should be mindful of exit. What happens when the owner(s) wants to retire? Or has a serious health issue? Or has a family member with a health issue? Etc.? You don't have to be a unicorn to build something that someone else wants to acquire. Editorial: And this is why I dislike words like solopreneur, mompreneur, and…
Your definition is the social media-fueled snake oil meme.
One very simply question: What defines value better than an exit? Or the offer to exit? (Hint: Nothing.)
You might not like the definition, but that doesn't mean it's wrong.
Re: Figma and Adobe abandon proposed merger
#316Earlier quoted context omitted.
Yes. But when you're driven by the idea of exit striving towards such things becomes ultra focused. Put another way, exit is the ultimate recognition that these purpose(s) have been acheived.
There are ways to exit other than being acquired, still.
Those are still exits.
Re: Figma and Adobe abandon proposed merger
#317Earlier quoted context omitted.
The reality is that for extremely high-growth companies such as Figma, only companies with an extremely strong existing business and strategic fit can afford to acquire them. Corel, for example, was valued at $1bn in their 2019 acquisition. There's absolutely no way they could acquire Figma. At the same time, VCs are betting on Figma-like outsized exits for their model work. I get people are dying to stick it to the…
I think the "disruption" narrative has played itself out by now. Nothing has been disrupted. Society still largely functions the same way as it did 20 years ago, and the same firms are mostly still running the same businesses. We were promised a radical new world, what we got was a couple of apps for fast food delivery from McDonald's.
Hmm... I struggle with your post. What about AMD vs Intel? Or TSMC / Samsung vs Intel? Intel is far weaker that it was 20 years ago, and chips are cheaper (inflation adjusted) and WAY faster 20 years later. Is that not a win? I feel like desktop computing is basically flying cars at this point. For 1500 USD, you can get 5GHz CPU, 32 GB RAM, 2 TB NVMe drive, reasonable GPU that is utterly light speed compared to 20 years ago. The first time I ever used an NVMe drive, I literally thought the Linux commands were not running correct because they finished so quickly!
Last one: I promise that I am not trolling here: What about psuedo-self-driving that Tesla and a few others have in cars now? On an expressway, it is pretty amazing -- hands off the wheel, talk with your friends with no worries of distraction.
Re: Figma and Adobe abandon proposed merger
#318Excellent news. I think there should be more products, more companies, and more competition. Adobe just buying up it's competition will only ever directly hurt consumers. See also, "Adobe says the FTC is looking into its subscription cancellation practices." https://www.theverge.com/2023/12/15/24003532/adobe-says-the-...
Except outlawing acquisitions by larger tech companies will absolutely reduce funding and incentives to start companies, and result in less products, less companies, and less competition.
"Oh no!, this hampers my ability to harm industry competition and hurt society, this isn't fair!"
How about you go and fling yourself in front of a bus
Re: Figma and Adobe abandon proposed merger
#319regulators in the eu and us didn't seem to mind this, a few select regulators in the uk for some reason seemed to care off of some strange speculation.
this seems like a really bad thing that it was held up for so long and without any good reasoning. nightmare scenarios both in and coming out of the uk right now
Re: Figma and Adobe abandon proposed merger
#320Earlier quoted context omitted.
> But that's not a 'preneur. If you are the business and the business is you, you're ability to exit is highly limited. That's not a 'preneur. If you get hit by a bus and your customers are screwed and the business tanks. That's not a 'preneur. Sorry, but it absolutely is. Entrepreneurship is just starting a business and taking on the majority of the risks and rewards. There is nothing in the definition that says you…
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The definition isn't hard to find.
https://en.wikipedia.org/wiki/Entrepreneurship
https://www.google.com/search?q=define+entrepreneur
You're confused.