48 place 5

430 Adobe and Figma call off $20B merger deal; the former will pay $1B “reverse termination” fee to the latter

Silicon Canals
Vignesh R. @ Silicon Canals · 12/19/2023 05:07 EDT

Adobe and Figma call off $20B merger deal; the former will pay $1B “reverse termination” fee to the latter

Adobe and Figma, on Monday, December 18, announced that they have mutually agreed to terminate their merger agreement following the mounting pressure from regulators in the UK and EU  The merger was originally announced on September 15, 2022, and would have seen Adobe acquiring Figma for $20B (mix of cash and stock). Figma is a […]

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