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Adobe’s $20 billion Figma deal risks veto from UK watchdog

Livemint

Livemint · 1y ago

Adobe’s $20 billion Figma deal risks veto from UK watchdog

The UK competition watchdog, the Competition and Markets Authority (CMA), has warned that Adobe's planned $20 billion acquisition of Figma Inc., a design software maker, may face blockage unless remedies are provided to address competition concerns. The CMA believes the deal could lead to reduced competition in product design software and hinder the development of new products. This follows objections raised by the European Union regulator earlier this month. Adobe's purchase, aiming to tap into the growing market of small businesses and everyday users on the web, is seen as the largest-ever takeover of a private software company.

Related News

Adobe, Figma to terminate $20 billion deal

Economic Times

Economic Times · 1y ago

Adobe, Figma to terminate $20 billion deal

Adobe has abandoned its $20 billion deal to acquire cloud-based design platform Figma, citing challenges in obtaining antitrust approvals in Europe and the UK. The termination of the cash-and-stock deal includes a $1 billion fee to Figma. Regulatory concerns were raised by Britain's Competition and Markets Authority (CMA), stating that the acquisition would harm innovation. Adobe disagreed with regulatory findings but decided to move forward independently. The Figma deal was a significant bet on the future of work but faced criticism over the high price tag and potential impact on Adobe's margins.

EU probe into Adobe, Figma deal paused, regulators await data

Economic Times

Economic Times · 1y ago

EU probe into Adobe, Figma deal paused, regulators await data

The European Union's antitrust regulators have paused their investigation into Adobe's $20 billion acquisition of cloud-based designer platform Figma. The European Commission halted the probe as they await requested information from the companies involved. The Commission invoked this procedure due to a delay in receiving essential data. A new deadline for the investigation will be set once the required information is provided. The EU competition watchdog has expressed concerns that the deal could eliminate a key rival to Adobe, potentially restricting competition in the global market for interactive product design tools.

Figma confidentially files for much awaited US IPO after $20 billion Adobe deal collapse

Economic Times

Economic Times · 3m ago

Figma confidentially files for much awaited US IPO after $20 billion Adobe deal collapse

Figma has confidentially filed for a U.S. IPO after a $20 billion acquisition deal with Adobe fell through due to regulatory issues. Previously valued at $12.5 billion, the design platform is anticipated to go public following antitrust challenges in Europe and Britain. Despite current market volatility, Figma remains cash flow positive, offering design and collaboration tools to major companies like Adobe and Google. The IPO market has recently slowed due to economic uncertainties.

Figma Allows $900M Secondary Share Sale at $12.5B Value

deepnewz

deepnewz · 1y ago

Figma Allows $900M Secondary Share Sale at $12.5B Value

Figma, a collaborative online design software company, is allowing employees and early investors to sell up to $900 million in shares through a secondary offering. This comes after Adobe's acquisition proposal at a $20 billion valuation fell through. The new valuation for Figma is $12.5 billion, a 40% discount compared to the proposed Adobe deal. The tender offer is backed by Fidelity and other investors. The offering is one of the largest in recent times, and Figma's valuation is estimated to be just under $12 billion according to Canva's analysis.

Figma set to debut as blockbuster US IPO lifts revival hopes - The Economic Times

Economic Times

Economic Times · 7d ago

Figma set to debut as blockbuster US IPO lifts revival hopes - The Economic Times

Figma, a design software firm, debuted in a significant US IPO, securing a $19.34 billion valuation, slightly below the $20 billion expected from a previously canceled Adobe acquisition. Priced at $33 per share, Figma raised $1.22 billion, signaling a revival in the IPO market. Backed by major investors like Sequoia Capital, Figma's focus on integrating AI into design workflows positions it among high-growth tech companies, attracting strong investor interest.

Figma is going public

The Verge

The Verge · 1m ago

Figma is going public

Figma, the collaborative interface design platform, has confidentially filed for an IPO, set to trade under the ticker symbol "FIG." After plans for a $20 billion acquisition by Adobe fell through due to regulatory pressures, Figma aims to enhance its focus on AI technology. The company reported a revenue increase to $228.2 million, compared to $156.2 million from the previous year, as it expands its tool offerings for web building and AI coding.

Lina Khan points to Figma IPO as vindication of M&A scrutiny | TechCrunch

TechCrunch · 5d ago

Lina Khan points to Figma IPO as vindication of M&A scrutiny | TechCrunch

Former FTC Chair Lina Khan celebrated Figma’s successful IPO, viewing it as validation for her scrutiny of mergers and acquisitions. Khan argued that letting startups grow independently creates significant value, citing the blocked $20 billion Adobe-Figma deal. While her regulatory stance was often criticized, she believes that more potential suitors benefit founders. Critics, however, credit Figma’s innovation for its success despite the FTC’s intervention. Khan calls the IPO a triumph for employees, investors, and the public.

Figma’s much-anticipated IPO: All you need to know - The Economic Times

Economic Times

Economic Times · 1m ago

Figma’s much-anticipated IPO: All you need to know - The Economic Times

Figma, a cloud-based design platform, has filed for a significant US IPO after abandoning a $20 billion acquisition by Adobe due to regulatory concerns. Valued at $12.5 billion, Figma plans to list on the NYSE under the ticker "FIG" to support growth and invest in AI. The company, known for its collaborative design tools, reported a revenue increase to $228.2 million in early 2025. The IPO is backed by major banks and aims to utilize proceeds for growth and debt repayment.

Figma CEO Dylan Field laments demise of $20 billion deal with Adobe

Economic Times

Economic Times · 1y ago

Figma CEO Dylan Field laments demise of $20 billion deal with Adobe

Adobe's $20 billion acquisition of design software maker Figma fell apart due to regulatory concerns over competition. Figma's CEO, Dylan Field, expressed frustration over the deal's demise, highlighting a divide between business and regulatory perspectives. Antitrust enforcers in the European Commission, the UK's Competition and Markets Authority, and the US Justice Department were preparing to challenge the transaction. The regulators were concerned that the acquisition would eliminate a future competitor, similar to Facebook's purchase of Instagram. Figma is now expected to remain independent, while Adobe will have to pay a $1 billion breakup fee.

IT companies' export potential to see 15-20% annual growth

Economic Times

Economic Times · 14d ago

IT companies' export potential to see 15-20% annual growth

The India-UK trade agreement is set to enhance India's software firms' export potential by 15-20% annually from $32 billion in 2024-25. It includes benefits such as UK's exemption from social security contributions for Indian workers, affecting around 60,000 IT employees and potentially saving them 20% of their salary. Additionally, Indian companies are poised to gain over ₹4,000 crore through a three-year exemption from the UK's Jobs Tax. This deal bolsters India's IT growth, as Europe emerges as a significant market.

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