The EU and UK blocked the acquisition of Figma by Adobe, leading to disappointment and concern in the tech industry. The decision is seen as anti-competitive, but some believe it reflects the need for companies to build financially valuable businesses. Adobe's failed deal is expected to have a lasting impact on the design software industry.
Adobe's biggest deal in history just fell through. It could impact design software for years to come. https://t.co/OqqkKV6Yc1
Conversely, it's only because Figma was a real viable business that they encountered regulatory trouble! https://t.co/uGl9VJS4hC
Adobe/Figma: tech M&A suffers design failure https://t.co/8BhZ4FBORw | opinion
Adobe/Figma: tech M&A suffers design failure https://t.co/G1HGm5witF
I’m with Scott here There’s a lot to hate about EU tech regulation, and I feel bad for figma employees, but I find it really hard to argue this acquisition (which it was, not a “merger”) is wasn’t super anti-competitive or that the decision was arbitrary https://t.co/DDFIJ2kZOr
The lesson from Adobe / Figma -- you gotta build a real full financially valuable business, not just a 'strategically valuable asset' in 2023. https://t.co/g4jRXg0zYZ
This result seemed inevitable, but is so unfortunate. And it wasn’t the US blocking it — it was the EU/UK. Figma will emerge stronger though. https://t.co/9yd3Xrx6cz