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One month after these reports, Adobe and Figma decided to call it quits, they said yesterday. And that comes with a steep $1 billion breakup fee Adobe will have to pay Figma, per earlier agreements.
Figma is a collaborative web application for interface design, with additional offline features enabled by desktop applications for macOS and Windows.The feature set of Figma focuses on user interface and user experience design, with an emphasis on real-time collaboration, [2] utilising a variety of vector graphics editor and prototyping tools.
Adobe called off plans to buy Figma, a web-based collaborative design platform, citing regulatory opposition to the proposed $20 billion deal. Adobe and Figma on Monday said they mutually agreed ...
The deal would eliminate competition and remove Figma as a threat to Adobe's flagship Photoshop and Illustrator products, according to findings from an in-depth probe that the Competition and ...
Adobe Creative Cloud is a set of applications and services from Adobe that gives subscribers access to a collection of software used for graphic design, video editing, web development, photography, along with a set of mobile applications and also some optional cloud services.
Adobe announced a $20 billion acquisition of Figma, an Adobe XD competitor, in September 2022, [74] its largest to date. [75] Regulatory scrutiny from the US and European Union began shortly after due to concerns that Adobe, already a major player in the design software market with XD, would have too much control if it also owned Figma.
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Adobe's planned $20 billion acquisition of online design company Figma is being called off due to pushback in Europe over antitrust concerns, the companies said Monday. The companies announced the ...