Lee Duna@lemmy.nz to Technology@lemmy.worldEnglish · 11 months agoAdobe abandons $20 billion acquisition of Figmawww.theverge.comexternal-linkmessage-square62fedilinkarrow-up1422arrow-down16cross-posted to: technology@lemmy.worldtechnology@lemmy.world
arrow-up1416arrow-down1external-linkAdobe abandons $20 billion acquisition of Figmawww.theverge.comLee Duna@lemmy.nz to Technology@lemmy.worldEnglish · 11 months agomessage-square62fedilinkcross-posted to: technology@lemmy.worldtechnology@lemmy.world
minus-squaresimple@lemm.eelinkfedilinkEnglisharrow-up57·11 months agoAwesome 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.
minus-squareLifeInMultipleChoice@lemmy.worldlinkfedilinkEnglisharrow-up1·11 months agoOr 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
Awesome news. Bless the regulators fighting back.
This does bring a smile to my face. Maybe companies will actually stop trying to mass acquire everything when there are risks involved.
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