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Figma has been such a cool story, I'm so disappointed that the buyout wasn't blocked. Obviously it's an awesome tool and still getting better, but competition i

Figma has been such a cool story, I'm so disappointed that the buyout wasn't blocked. Obviously it's an awesome tool and still getting better, but competition is a good thing and I'd really hoped in 5 years we'd have figma and others pushing adobe to be more innovative and user-friendly.

waffl 3y ago
Is it not still blocked, or at least under heavy scrutiny? I would also dread Figma being folded into Adobe's bloated ecosystem. Thank god for penpot as mentioned in another comment as I would need an alternative if Figma does indeed get taken over by Adobe.
- azemetre 3y ago
  I bet Adobe would like to back out of the deal too, they paid an extreme premium before tech took a general nosedive. I doubt Figma is worth $20 billion in todays climate.
  - paxys 3y ago
    Maybe not on its own, but it is worth that much to Adobe because it threatens their core business.
    - steve_adams_86 3y ago
      Yeah, I saw this move as a general protective manoeuvre rather than an acquisition intended to become a cash cow in and of itself. Figma is remarkably useful and capable. Over the years I've found myself leaning on it more and more for things I didn't really expect to.
  - _xivi 3y ago
    > I bet Adobe would like to back out of the deal too They don't, they already killed their Adobe Xd[0]. Even if it was still around, it was in a different league. So they very much betting on the deal, they don't want to be out of the UI/UX space entirely. [0] - The Silent End of Adobe XD: https://news.ycombinator.com/item?id=36637055 https://news.ycombinator.com/item?id=36637055
    - azemetre 3y ago
      Interesting! I missed that last time around. I do wonder how Adobe will fare with empowered governments in the EU, UK, and US that want to thwart these types of acquisitions for big tech. Frankly I hope they succeed too. Mergers are not good for competitive markets and Adobe nearly owning every tool out their in the design space is extremely bad.
temporalparts 3y ago
US DOJ is still looking into it and perhaps EU would prevail here. https://www.theverge.com/2023/8/8/23810981/eu-probe-investigation-adobe-figma-20-billion-merger-acquisition https://www.theverge.com/2023/8/8/23810981/eu-probe-investig...
Oarch 3y ago
The UK government has definitely scrutinised/continues to scrutinise the deal quite closely

waffl 3y ago

Is it not still blocked, or at least under heavy scrutiny? I would also dread Figma being folded into Adobe's bloated ecosystem. Thank god for penpot as mentioned in another comment as I would need an alternative if Figma does indeed get taken over by Adobe.

azemetre 3y ago
I bet Adobe would like to back out of the deal too, they paid an extreme premium before tech took a general nosedive. I doubt Figma is worth $20 billion in todays climate.
- paxys 3y ago
  Maybe not on its own, but it is worth that much to Adobe because it threatens their core business.
  - steve_adams_86 3y ago
    Yeah, I saw this move as a general protective manoeuvre rather than an acquisition intended to become a cash cow in and of itself. Figma is remarkably useful and capable. Over the years I've found myself leaning on it more and more for things I didn't really expect to.
- _xivi 3y ago
  > I bet Adobe would like to back out of the deal too They don't, they already killed their Adobe Xd[0]. Even if it was still around, it was in a different league. So they very much betting on the deal, they don't want to be out of the UI/UX space entirely. [0] - The Silent End of Adobe XD: https://news.ycombinator.com/item?id=36637055 https://news.ycombinator.com/item?id=36637055
  - azemetre 3y ago
    Interesting! I missed that last time around. I do wonder how Adobe will fare with empowered governments in the EU, UK, and US that want to thwart these types of acquisitions for big tech. Frankly I hope they succeed too. Mergers are not good for competitive markets and Adobe nearly owning every tool out their in the design space is extremely bad.

temporalparts 3y ago

US DOJ is still looking into it and perhaps EU would prevail here. https://www.theverge.com/2023/8/8/23810981/eu-probe-investigation-adobe-figma-20-billion-merger-acquisition https://www.theverge.com/2023/8/8/23810981/eu-probe-investig...

Oarch 3y ago

The UK government has definitely scrutinised/continues to scrutinise the deal quite closely