Sony Group Global ended its $10B merger with ZEE Corporate. FDJ agreed to acquire Kindred Group. Figma, after reverting its valuation to $10 billion from $20 billion following the collapsed Adobe deal, will refresh employee equity packages and offer buyouts to employees who wish to depart. The new valuation is 50% lower than the $20 billion Adobe was willing to pay for the design startup.
"Figma will offer new equity packages to employees at a price that values the company at $10 billion, 50% lower than the $20 billion Adobe was willing to pay for the design startup" ๐ค
My analysis suggested an $11B+ valuation for Figma so was off by a bit https://t.co/QzZ7CZNrzJ https://t.co/17p6WbCJuR
Figma to boost employee equity packages after Adobe's $20 bln deal collapses - source https://t.co/3CuoEduWI1 https://t.co/eFsMl0ki5r
was supposed to exit fiscal 2022 @ $400M ARR, throw in another year's growth, call it $600M $10B is probs .... not an insane val for figma https://t.co/GHAL5NYT81
Sources: Figma is refreshing employee equity packages and offering buyouts as the company resets its valuation to $10B from $20B, after the scrapped Adobe deal (@alexrkonrad / Forbes) https://t.co/B4Qz6DWWac ๐ซ Subscribe: https://t.co/OyWeKSRpIM https://t.co/fj0vGz5vD1
Scoop: After reverting Figma's valuation to $10 billion, CEO Dylan Field told employees the startup will refresh employee equity packages and offer three monthsโ pay to any who wish to depart, per sources and internal communications reviewed by @Forbes. https://t.co/To92lbukQj
Figma Offers Employees Shares And Buyouts After Collapsed Adobe Deal https://t.co/E7KSxGMt3V https://t.co/Fc16ybTEmq
Hi, Iโm mostly alive after throwing up the past 4 days from a stomach illness โน๏ธ For todayโs edition of @AxiosPro Media Deals, @tim_bays and I covered: ๐ฎ๐ณ @SonyGroupGlobal ended its $10B merger with @ZEECorporate ๐ฐ @FDJ agreed to acquire @KindredGroup https://t.co/FFrf8O9D2A