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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.
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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 ...
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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related to: figma cancel monthly subscription adobe express membership