As someone who enjoyed using Figma, this is an excellent news.
However, I am afraid they will sell to someone else. Namely, Microsoft.
Figma and Adobe abandon proposed merger
91–100 of 1001 posts
Re: Figma and Adobe abandon proposed merger
#92Earlier quoted context omitted.
This is so far from outlawing. And we are soooooo far from having a shortage of tech startups.
> This is so far from outlawing It's not that far. A bureaucrat will decide if you can exit the way you want to. Still want to fund this venture? > And we are soooooo far from having a shortage of tech startups. Because there hasn't been a fear of them blocking exits.
> A bureaucrat will decide if you can exit the way you want to.
It's not up to the bureaucrat but to the courts. The FTC doesn't "approve" or "reject" deals--it can just take legal action to try to stop a deal, but that still gets adjudicated either in a federal court or in an FTC administrative law court to a judge which is appointed independently.
https://www.ftc.gov/enforcement/merger-review
https://www.ftc.gov/legal-library/browse/administrative-law-...
Re: Figma and Adobe abandon proposed merger
#93Earlier quoted context omitted.
Ok, lets hear you argue for what service a patent troll provides.
They provide a license to said patent? Pretty obvious - this is not to say that patent trolls are good , though.
If you're licensing a patent to others with reasonable terms, it's not a patent troll.
I understand you think they provide a service since you seem to not understand what a patent troll is.
As a reminder, a patent troll company is a company "that attempts to enforce patent rights against accused infringers far beyond the patent's actual value or contribution to the prior art" (https://en.wikipedia.org/wiki/Patent_troll)
They don't sell any services, don't do any (reasonable) licensing, nor provide any goods.
Re: Figma and Adobe abandon proposed merger
#94It looks like regulators are actually doing their job. I would love to see more of this, along with breaking up companies that have gotten too big for their britches.
The entire purpose of starting a company is to get acquired. Of the literally hundreds of companies that YC has invested in, only 5 have gone public. The VC market will dry up even more if they see their chances of an exit diminishing because of an overzealous government.
> The entire purpose of starting a company is to get acquired.
Certainly not in terms of expectation value. Most of the value of a startup at any given funding round is driven by the possibility of a public listing. This is true even though most successful startup outcomes are acquisitions.
> Of the literally hundreds of companies that YC has invested in, only 5 have gone public.
The correct number is 18, not 5. [1]
[1] https://www.ycombinator.com/topcompanies/valuation (select the "Public" tab.)
Re: Figma and Adobe abandon proposed merger
#95I am opening a bottle of champagne as we speak.
It is time to remove electron based app and invest in something that will have a proper memory management. Not only 2gb. My phone has more than this.
You have cornered the market. Now deliver.
Re: Figma and Adobe abandon proposed merger
#96Figma is VC-funded. Now that they’re not going to be part of Adobe, they’ll just more slowly turn into another Adobe because the investors want the exit. Prices will creep up, product segmentation will be introduced, pop-ups pushing expensive service add-ons will eventually appear. And when the revenue number is pumped enough, it goes public or is sold to private equity which has no trouble with antitrust regulators.
> Prices will creep up, product segmentation will be introduced, pop-ups pushing expensive service add-ons will eventually appear Have you used Figma lately? All of those things have been happening for years with Figma, even before rumors about the Adobe purchase appeared.
In terms of pricing model Adobe is generous compared to Figma. Someone with their own creative cloud subscription can open my .psd's. But if I want to collaborate with someone in Figma, I need to pay for their access even if they have their own paid Figma account.
Re: Figma and Adobe abandon proposed merger
#97I tried to cancel an Adobe CC subscription the other day and they wanted to clawback $60 for a $120 yearly subscription. And their customer support wasn’t helpful at all. Needless to say, we don’t need more of this kind of behavior, especially with Figma!
Re: Figma and Adobe abandon proposed merger
#98The US should start doing something about these foreign governments meddling in US business before it's too late. EU and UK and seemingly everyone else is passing laws and setting up bureaucracies specifically to implement unfair trade restrictions and barriers against US companies and they're basically doing it unopposed, you'd think these actions would at least trigger some tariff threats and WTO complains sadly th…
It’s very easy, just don’t operate in said jurisdictions.
Re: Figma and Adobe abandon proposed merger
#99The US should start doing something about these foreign governments meddling in US business before it's too late. EU and UK and seemingly everyone else is passing laws and setting up bureaucracies specifically to implement unfair trade restrictions and barriers against US companies and they're basically doing it unopposed, you'd think these actions would at least trigger some tariff threats and WTO complains sadly th…
Only if the US wants to lose those pesky UK and EU markets.
Re: Figma and Adobe abandon proposed merger
#100Earlier quoted context omitted.
I would expect that to only get paid if solely one side were responsible for blowing up the deal. This is expressly saying both have mutually agreed.
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…
> 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.