Adobes $20 billion Figma deal raises eyebrows and rings antitrust bells
Summary
The deal comes “with access to Adobe’s technology, expertise and resources in the creative space,” CEO Dylan Field wrote in a Sept. 15 blogpost. “For example, we will have the opportunity to incorporate their expertise in imaging, photography, illustration, video, 3D and font technology to the Figma platform,” he elaborated. For now, Adobe is “deeply committed” to keeping Figma operating autonomously, wrote Fields, who will continue to serve as CEO. “If you would sell it after the acquisition announcement, you should have really sold it way before.” In addition to skepticism from users, there’s one glaring caveat for investors: What if antitrust issues come up and the deal doesn’t go through? “Then the acquisition offer just revealed that adobe themselves do not believe they can compete with Figma,” researcher and investor Vaska Atta-Darkua pointed out.
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