Figma will receive a $1 billion fee.
  • lettruthoutEnglish
    53•2 years ago

    This is good news! It was looking like Figma would be killed off.

    • danqueEnglish
      5•2 years ago

      An modern style illustrator vector program. It’s a lot like Adobe Illustrator but with an easier to understand UI.

    • @[email protected]English
      4•2 years ago

      It’s pretty much a clone of Adobe XD but works in the browser. Adobe XD only has Windows and Mac clients and I think it’s tied to all the Adobe Cloud bullshit. Feature wise I think they are pretty much the same, didn’t dive deep enough to find differences, but Figma started getting traction and Adobe got scared. Now since Adobe can’t buy it and Figma is getting a round billion to improve their tool it looks like Adobe is in a good position to loose this market.

      • GhostalmediaEnglish
        4•2 years ago

        Technically it’s a clone of Sketch.

        Both Figma and XD copy the interaction models, layout, and key commands established by Sketch.

        Sketch dominated the UX design space before Figma took over.

    • THCDentonEnglish
      7•2 years ago

      A gladiatorial arena for designers and front-end devs to fight in.

  • @[email protected]English
    59•2 years ago

    Headline should reflect that it’s because of regulators, Adobe for sure would like to be a monopoly. Second time we were saved since Nvidia buying Arm got canceled.

    • @[email protected]English
      3•2 years ago

      Ah, headline should of read then “You Won’t Believe How Big Government Steps In And Crushes This Person’s* Freedom”

      *Person refers to Adobe, see laws and regulations of the United States

  • AutoTL;DRBEnglish
    7•2 years ago

    This is the best summary I could come up with:

    Following mounting pressure from regulators in the UK and EU, Adobe and Figma announced on Monday that both companies are mutually terminating their merger agreement, which would have seen Adobe acquire the Figma product design platform for $20 billion.

    As a result of the termination, Adobe will be required to pay Figma a reverse termination fee of $1 billion in cash.

    “Adobe and Figma strongly disagree with the recent regulatory findings, but we believe it is in our respective best interests to move forward independently,” said Adobe chair and CEO Shantanu Narayen in a statement.

    “While Adobe and Figma shared a vision to jointly redefine the future of creativity and productivity, we continue to be well positioned to capitalize on our massive market opportunity and mission to change the world through personalized digital experiences.”

    Developing…

    The original article contains 135 words, the summary contains 135 words. Saved 0%. I’m a bot and I’m open source!

  • GhostalmediaEnglish
    13•2 years ago

    So, does the Adobe XD team hang around now? Adobe was signaling that XD was going to get axed for Figma.