Figma will receive a $1 billion fee.
    • danque@lemmy.worldEnglish
      5·
      11 months ago

      An modern style illustrator vector program. It’s a lot like Adobe Illustrator but with an easier to understand UI.

    • ExLisper@linux.communityEnglish
      4·
      11 months ago

      It’s pretty much a clone of Adobe XD but works in the browser. Adobe XD only has Windows and Mac clients and I think it’s tied to all the Adobe Cloud bullshit. Feature wise I think they are pretty much the same, didn’t dive deep enough to find differences, but Figma started getting traction and Adobe got scared. Now since Adobe can’t buy it and Figma is getting a round billion to improve their tool it looks like Adobe is in a good position to loose this market.

      • Ghostalmedia@lemmy.worldEnglish
        4·
        11 months ago

        Technically it’s a clone of Sketch.

        Both Figma and XD copy the interaction models, layout, and key commands established by Sketch.

        Sketch dominated the UX design space before Figma took over.

  • AutoTL;DR@lemmings.worldBEnglish
    4·
    11 months ago

    This is the best summary I could come up with:

    Following mounting pressure from regulators in the UK and EU, Adobe and Figma announced on Monday that both companies are mutually terminating their merger agreement, which would have seen Adobe acquire the Figma product design platform for $20 billion.

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

    “Adobe and Figma strongly disagree with the recent regulatory findings, but we believe it is in our respective best interests to move forward independently,” said Adobe chair and CEO Shantanu Narayen in a statement.

    “While Adobe and Figma shared a vision to jointly redefine the future of creativity and productivity, we continue to be well positioned to capitalize on our massive market opportunity and mission to change the world through personalized digital experiences.”

    Developing…

    The original article contains 135 words, the summary contains 135 words. Saved 0%. I’m a bot and I’m open source!

  • TherouxSonfeir@lemm.eeEnglish
    4·
    11 months ago

    It’s too bad companies don’t open source axed projects. I’m not an adobe fan nowadays but I really liked XD.