CNBC’s Post

Figma just announced they want to move ahead all by themselves and not go hand in hand with Adobe. For many in the field of design it's a news to cheer as they brace to enter a new year. "Fifteen months into the regulatory review process, Figma and Adobe no longer see a path toward regulatory approval of our proposed acquisition. "Figma and Adobe have reached a joint decision to end our pending acquisition." Read more here: https://lnkd.in/dfmkXBT4 What do you think will be the impact? And, what was your reaction to learn about this? Share in the comments below. Figma #figma #figmacommunity #uxdesigner #uiux #adobexd #figmadesign #figmatips #figmanews #uxdesign #adobe

🚀A big twist in the design world! 🎨 20 billion inspirations, 15 months of expectations, and a confirmed separation. The merger between Figma and Adobe didn't materialize after a long period of regulatory scrutiny. During this process, the Figma team kept their focus, driving advances in artificial intelligence, prototyping improvements, and expanding their global presence. Committed to enhancing creativity and productivity in collaborative design, Figma reaffirms its independence. And I'm excited about the innovations coming in 2024! 🌟 This news showcases Figma's resilience in maintaining its independence, offering exciting expectations for what's to come. What do you think about this turnaround? "Fifteen months into the regulatory review process, Figma and Adobe no longer see a path to regulatory approval for our acquisition proposal." - Dylan Field, co-founder, and CEO of Figma https://lnkd.in/daqgMzhy #design #figma #adobe #innovation #creativity #ux #ui #ai #uxdesign #uidesign #technews #figmaadobe #adobefigma #adobexd

🔥 Thrilling Moments in the Design Realm! ⚡️🎨 Adobe and Figma, after encountering regulatory challenges, have decided to chart independent courses. Despite differing with recent regulatory findings, both companies believe it's in their best interests to innovate separately. Adobe, led by CEO Shantanu Narayen, will extend a $1 billion breakup fee to Figma. The termination of this planned merger sparks curiosity about the strategic moves and innovations each will unveil. 🌐 Let's keep a close eye on Adobe and Figma as they embark on distinct journeys in the dynamic landscape of design. #Adobe #Figma #Breakup #IndustryNews #CallOff #Acquisition

Big news! Figma and Adobe abandon acquisition - "Fifteen months into the regulatory review process, Figma and Adobe no longer see a path toward regulatory approval of our proposed acquisition. 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." https://lnkd.in/gDtCGyvs

The Figma deal is no more. 🚨 Based on the news over the past year, this announcement isn't surprising. However, both companies definitely put some thought into the end of the year timing. How do you feel about this being official? Drop a comment below.👇 #figma #design #newsupdate

After 15 months of regulatory review, Adobe will not be acquiring #figma. But is it really that much of a shock? 🤔 Just earlier this week, Adobe's CEO spoke on CNBC about his belief in the acquisition, and that it would benefit Adobe/Figma users. Adobe even phased out XD, presumably pointing towards Figma as it's soon-to-be prototyping platform of choice. But, as we (and our wallets) all know, Adobe has a near-monopoly in the design software market. When news of the acquisition first broke in 2020, the creative community was asking, will Figma get more expensive? Are we even more beholden to #Adobe as the industry standard? Could this slow Figma's innovation? The answer to all of those questions was likely going to be yes. What do you think about the merger falling through?

You may have seen that Adobe’s $20 billion acquisition of Figma fell through. They still get $1billion out of it... but here's my 2 cents:    I was excited to see the potential from this merger, especially with future possibilities around Adobe's AI solutions, integrations with Adobe After Effects and other potential cross-platform collaborations.   But look what Figma have achieved on their own? We have a tool to help our workflows more seamless amongst many other great benefits.    This is now an opportunity for Figma to continue to do this. Since they successfully acquired Diagram which had already built 100+ AI powered plugins using their API. They've already launched their own native AI features within FigJam, helping aid the discovery phase amongst other benefits.   What's next? Well, I can see a lot more happening in the AI space, there's huge potential to help designers across the entire product development process. Variables are also a developing area, there's a lot happening behind the scenes in this space across the industry. I can see engineering becoming much more connected with design and designers becoming even more empowered with tools to help aid the developer handover process.   But what if Figma could build the entire front-end straight from design? Well, they already can with the right plugins, I'd like to see this improved and seemingly integrated with engineering workflows and tools like Git. So more work in the Dev mode space.   I would also like to see them venture into the user testing market. There's opportunities here. Imagine having all of that data connected directly to design?   I love Figma it helps me with what I do. But it's not a measure of how good we are as UX designers. It's simply there as a tool to help aid our workflows and make that entire process more seamless and connected. #Adobe #Figma #AI #UserTesting #Merger #Variables #DesignTokens https://lnkd.in/etGjYYVC

After 15 months of meetings with regulators defining their businesses, products, and the markets they serve, #Figma and #Adobe decided to shelve their deal. This regulatory scrutiny is fuelled by the growing apprehension surrounding big tech #acquisitions, particularly those that amplify the market dominance of established players or involve startups perceived as emerging competitors. While some may rejoice or refute this news, in my opinion, here's what the world of #design and #business would have experienced IF Adobe did acquire Figma - ✅ Adobe and Figma have both thrived on the new #AIadvancements. Joining forces to grow this technology would have helped train the #AI systems better and create more immersive and powerful designs. ✅ A more #collaborative and #inclusive design environment that eased file sharing between Adobe products and Figma. Imagine generating images on Adobe Firefly, through Figma's interface! ✅ A shared design system between the two #platforms that allowed sharing and changing of design assets to maintain a cohesive brand image. What are your thoughts? Do you agree/disagree? Share them in the comments below and let's chat!

Thanks to Ana Lucia in our community for making me aware of this. https://lnkd.in/e4pxkfCD Adobe won't acquire Figma, but Figma gets $1B as a deal termination fee. If Figma wanted the cash, then this is great. If they were hoping to be taken over and absorbed into another company, then this is not great. But you can do a lot with a $1B cash infusion that you don't owe any investor. Hopefully Figma will greatly improve their system. ----------------------------- Connect with us or learn more: * CustomerCentricity.com Our website * youtube.com/@cx-cc YouTube channel * cxcc.to/newsletter LinkedIn newsletter * patreon.com/cxcc Online community/free mailing list