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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 toda
by 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 agoMaybe not on its own, but it is worth that much to Adobe because it threatens their core business.
- steve_adams_86 3y agoYeah, 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 agoInteresting! 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.