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Figma and Adobe abandon proposed merger

figma.com

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Re: Figma and Adobe abandon proposed merger

#711

Post by mkl »

mrandish wrote: post #664
wins32767 wrote: post #649

Earlier quoted context omitted.

> earlier stage startups (which drives most new job creation in the US) This is absolutely not true.

I was referring not to just valley tech startups but investing in new small businesses overall. Per the U.S. Gov Small Business Administration: > "Despite the jobs lost during the recession, large businesses generated 6.7 million net new jobs over the past 25 years. During the same period, small businesses generated 12.9 million net new jobs, meaning small businesses have accounted for 66 percent of employment growth…

That's about the size of the business, not about being new and rapidly growing. I think the large majority of small businesses are not startups.

Re: Figma and Adobe abandon proposed merger

#712

Post by [deleted] »

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…

[deleted]

Re: Figma and Adobe abandon proposed merger

#715

Post by mkreis »

izktj wrote: post #702

This was a dirty dirty move by Adobe, not regulators. Insiders will know what I’m talking about

Oh please elaborate! But I can guess that a lot of confidential information was shared during the due diligence and that’s, even worse, most Figma employees already assumed it was a done deal and started openly sharing source code etc. with Adobe.

Re: Figma and Adobe abandon proposed merger

#716

Post by toyg »

dylan604 wrote: post #426
DaiPlusPlus wrote: post #30

Earlier quoted context omitted.

I'm fine with some other company buying-up Figma, just not Adobe. Microsoft could buy them (and hopefully not repeat what happened to Expression Blend) - or maybe Alludo could resurrect the Corel brand and launch Figma under that title?

I'm fine with some other company that has a track record of doing bad things to the things they've purchased, which is no different than the company I'm against buying this company. How are you okay with MSFT? The logic is not very sound

I guess the parent's point was that it's better for Figma to be acquired by a company that clearly has a Figma-shaped hole in their lineup, rather than someone with a lot of existing overlap that will likely just strangle it quietly in the night.

Re: Figma and Adobe abandon proposed merger

#718

Post by EdwardDiego »

neom wrote: post #662
EricDeb wrote: post #594

Earlier quoted context omitted.

Any chance figma can go public?

I'm sure these 30+ people want their 330+ Million dollars back with "profit", they need to find an exit somewhere. https://www.figma.com/blog/figmas-series-e/

Figmates... oh God.

Re: Figma and Adobe abandon proposed merger

#719

Post by KptMarchewa »

matthewowen wrote: post #639
jamiek88 wrote: post #625

Earlier quoted context omitted.

Have you mentioned at all in this thread where you are vociferously and borderline disingenuously defending your employer that you are in fact a figma employee? Kinda relevant don’t you think?

Speaking for myself and not for Figma and I wouldn’t want to muddy that fact or imply that I have meaningful non-public information. I don’t think anything I’ve said is either vociferous or disingenuous. I actually haven’t even said whether or not I agree with the decision or whether or not I think the timeline is reasonable (in the sense of whether the benefits and needs of the timeline justify the cost of it), so t…

You have meaningful non-public motive: probable millions to earn if this deal for through.

Re: Figma and Adobe abandon proposed merger

#720

Post by airstrike »

Solvency wrote: post #616
lvl102 wrote: post #229

Earlier quoted context omitted.

Agree 100%. Microsoft would actually make the product a lot better and add useful AI elements to it. I just don’t trust Adobe.

What other beloved product has MS acquired and made a lot better?

GitHub? But that's not the point. The point is the value of not having Figma sell to its largest competitor.
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