Figma Adobe deal officially dead
Dylan Field, co-founder and CEO of Figma writing in the company blog:
Figma and Adobe have reached a joint decision to end our pending acquisition. It’s not the outcome we had hoped for, but despite thousands of hours spent with regulators around the world detailing differences between our businesses, our products, and the markets we serve, we no longer see a path toward regulatory approval of the deal.
We entered into this agreement 15 months ago with the goal of accelerating what both Adobe and Figma could do for our respective communities. While we leave that future behind and continue on as an independent company, we are excited to find ways to partner for our users.
Figma’s founding vision was to “eliminate the gap between imagination and reality.” The shift from a physical economy to a digital economy and huge advances in AI have combined to make this aspiration feel even more urgent and within reach today than it did 11 years ago.
This will be our focus moving forward. We want to make it easy for anyone to design and build digital products on a single multiplayer canvas—from start to finish, idea to production. I’m so excited for what the future holds and beyond grateful to our community for supporting us. Figma’s best, most innovative days are still ahead. See you all in 2024!