Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Figma and Adobe abandon proposed merger

figma.com

Post reply on HN
Print view View original

471–480 of 1001 posts

Re: Figma and Adobe abandon proposed merger

#471

Post by dahart »

max_ wrote: post #112

This really makes me sad as an aspiring entrepreneur. What would be the use of starting a business if the government can arbitrarily block it from being acquired? I understand this happening in Europe but not America. I think America is going to lag behind in tech entrepreneurship just like Europe and I wonder what the next potential tech entrepreneurship hub will be.

There seems to be some misconceptions here. This wasn’t arbitrary. Most acquisitions are not blocked. The US government can block a lot of things for companies, but is generally speaking pro-business. That said there’s a longish history of regulating monopolies, in order to benefit consumers and the economy, so no evidence of a new trend wrt Europe based on this case. (Consider whether that history may be part of why the US had a lead in tech entrepreneurship in the first place.)

Re: Figma and Adobe abandon proposed merger

#472

Post by facialwipe »

pier25 wrote: post #372
spaceman_2020 wrote: post #210

Earlier quoted context omitted.

imo, Adobe is falling behind. Photoshop's generative AI is substantially worse than what I can get from models on Tensorart/CivitAI + an upscaler. It's way easier to produce something that can go live right now without much editing in CivitAI -> Upscale in Magnific -> Add to Canva.

I couldn't care less about AI in Photoshop but I'd love AI in Illustrator to generate vector stuff.

Text to Vector appears to be a beta feature in Illustrator currently: https://helpx.adobe.com/illustrator/using/text-to-vector-gra...

Re: Figma and Adobe abandon proposed merger

#473

Post by Bjorkbat »

fairity wrote: post #392

> Fifteen months into the regulatory review process, Figma and Adobe no longer see a path toward regulatory approval How in the world did it take fifteen months for regulators to reject this? That’s an absurdly long time to be operating a business in limbo, and I have to assume it’s the regulators dragging their feet since the companies have every incentive to move quickly. I don’t have an opinion on whether or not t…

I would argue that the regulators made their point pretty clear early on when the DOJ opened a lawsuit against Adobe. The people most responsible for keeping this in limbo were Adobe’s lawyers.

Re: Figma and Adobe abandon proposed merger

#474

Post by GenerWork »

TedDoesntTalk wrote: post #456
eigenvalue wrote: post #75

Earlier quoted context omitted.

Nope, from Adobe’s 8K filed today with the SEC: “On December 17, 2023, the Company and Figma mutually agreed to terminate the Merger Agreement and entered into a mutual termination agreement effective as of such date (the “Termination Agreement”). The mutual termination of the Merger Agreement was approved by the Company’s and Figma’s respective Boards of Directors. In accordance with the terms of the Termination Agr…

Incredible that they have $1b sitting around in cash. Wouldn't you at least put it into a bond or treasury?

It probably is in a bond or treasury note. The "within 3 days" probably covers the selling of the bond/treasury, waiting for the funds to clear, and then sending it over to Figma's account.

Re: Figma and Adobe abandon proposed merger

#475

Post by eddiewithzato »

Ekaros wrote: post #147
reustle wrote: post #100

Earlier quoted context omitted.

> the Company will make a cash payment to Figma in the previously agreed amount of one billion dollars ($1,000,000,000) (the “Termination Fee”) within three business days following the date thereof Three business days to wire $1b, the week before Christmas. That has to be a fun phone call with the bank.

I hope they have big bank... Then again it would also be funny if bank crashed because someone was forced to transfer 1 billion.

banks move so much more daily

Re: Figma and Adobe abandon proposed merger

#476

Post by Zenul_Abidin »

Dayshine wrote: post #402
thelittleone wrote: post #253

Earlier quoted context omitted.

I recommend using virtual credit cards for subscriptions. I just cancel the card if the account cancellation process is hostile in anyway.

Why do people keep recommending this? If you do this the next step they take is sending your debt to collections, and now you have either ruined credit or a court case.

A virtual debit card should prevent collections from getting involved though, since there's literally no debt.

Re: Figma and Adobe abandon proposed merger

#478

Post by SirMaster »

capybara_2020 wrote: post #449
SirMaster wrote: post #326

Earlier quoted context omitted.

>Photoshop's generative AI is substantially worse than what I can get from models on Tensorart/CivitAI + an upscaler. But with Photoshops, I can generate things to be seamlessly placed into my existing scene, with it understanding things like placing the wheels of the car it just inserted on the ground, with a shadow underneath and such, again seamlessly integrated with my existing image. It's very much not just abou…

Isn't that just inpanting? Stable Diffusion has had it for a while. Eg: https://www.youtube.com/watch?v=No1_sq-i_5U You can do that with any part of the image, this video shows a face sample.

It might be.

https://youtu.be/Sp6K3qpVFO0?t=95

But at the very least, it seems like it's easier to work with in Photoshop.

Re: Figma and Adobe abandon proposed merger

#479

Post by technofiend »

Bjorkbat wrote: post #473
fairity wrote: post #392

> Fifteen months into the regulatory review process, Figma and Adobe no longer see a path toward regulatory approval How in the world did it take fifteen months for regulators to reject this? That’s an absurdly long time to be operating a business in limbo, and I have to assume it’s the regulators dragging their feet since the companies have every incentive to move quickly. I don’t have an opinion on whether or not t…

I would argue that the regulators made their point pretty clear early on when the DOJ opened a lawsuit against Adobe. The people most responsible for keeping this in limbo were Adobe’s lawyers.

"It is difficult to get a man to understand something, when his salary depends upon his not understanding it!” - Upton Sinclair

Re: Figma and Adobe abandon proposed merger

#480

Post by Vervious »

codeptualize wrote: post #126

That is wild. It's a good thing as it means Adobe won't ruin Figma like they did with so many great software products before, but just imagine founders, investors and employees, thinking they had a really good exit.. That must hurt, I hope they can stay motivated. If Adobe can't buy them, what other exit options do they have? Go public?

why not go public? That would also probably be in the public interest.
Post reply on HN