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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.
Adobe will pay a termination fee of $1 billion to San Francisco-based Figma, whose web-based collaborative platform for designs and brainstorming is used by Uber, Coinbase, Zoom Video ...
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.
San Francisco-based Figma will provide employees with more equity at a $10 billion valuation as they signed up after Adobe's buyout offer valued the company at $20 billion, the source said.
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.
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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 ...
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.