Home > Article > Technology peripherals > Adobe announces termination of acquisition of Figma after $20 billion deal falls through
Adobe announced it has signed a final acquisition agreement with startup Figma. According to the agreement, Adobe will acquire Figma for approximately US$20 billion (approximately 142.6 billion yuan) in cash and stock. The acquisition will be officially completed on September 15, 2022
Adobe and Figma have reached a consensus and agreed to terminate the merger agreement. However, Adobe still needs to pay Figma a cash "breakup fee" of US$1 billion (approximately 7.13 billion yuan)
According to this news Affected by the impact, Adobe rose by US$9.87 before the US stock market opened, an increase of approximately 1.69%, and its current market value is approximately US$266.205 billion
In November this year , EU regulators formally filed antitrust charges against Adobe, opposing its $20 billion acquisition of Figma
The European Commission believes that if the deal is successful, it may have a negative impact on the global market for interactive product design tools, vector graphics Competition between editing tools and raster editing tools has 'significantly reduced' impact
The above is the detailed content of Adobe announces termination of acquisition of Figma after $20 billion deal falls through. For more information, please follow other related articles on the PHP Chinese website!