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Adobe abandons $20 billion acquisition of Figma (www.theverge.com)

submitted 11 months ago by throws_lemy@lemmy.nz to c/technology@lemmy.world

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[–] simple@lemm.ee 61 points 11 months ago (1 children)

Awesome news. Bless the regulators fighting back.

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

This does bring a smile to my face. Maybe companies will actually stop trying to mass acquire everything when there are risks involved.

[–] LifeInMultipleChoice@lemmy.world 2 points 11 months ago

Or just write contracts that put the fall through on the smaller company that fails acquisition. (Seems more likely) Sucks, but many business acts do now