Adobe and Figma started the week by halting their $20 billion merger. Adobe had to pay Figma $1 billion for the acquisition termination. Over at The Verge, its editor-in-chief Nilay Patel chatted with Adobe general counsel Dana Rao for an upcoming episode of the website’s Decoder podcast, sharing additional details on what went wrong with … Read more
Adobe has decided to abandon its plan of acquiring Figma for $20 billion as both companies could not find a clear path to obtain approval from the regulators of the UK and the European Union. Why Adobe is calling off the acquisitionIn the wake of increasing regulatory pressure, both companies have come to a resolution, … Read more
Adobe has abandoned its $20 billion takeover bid for design platform Figma. The prolonged acquisition attempt has been wrought with regulatory opposition in the United States, European Union, and United Kingdom. When Adobe announced its acquisition of Figma in September 2022, the company said that the purchase would “usher in a new era of collaborative … Read more
It has been a busy week for Adobe, for good and bad reasons alike. In addition to recording record revenue, yet again, and being sued by a Dutch data watchdog for alleged illegal data collection, Adobe is also under investigation by the Federal Trade Commission (FTC) for its disclosure and subscription cancellation practices. At the … Read more
Adobe made millions reselling the personal data of its customers in the Netherlands, that’s according to a Dutch watchdog that is taking the photo software giant to court. The Dutch Data Protection Foundation (SDBN) is demanding significant compensation from Adobe after it claims that anyone who uses its apps has “become a victim” of the … Read more
Adobe has capped its massive 2023 year with a record: it has achieved revenue of $5.05 billion in the fourth fiscal quarter, the first time it has exceeded $5 billion in a single quarter of the company’s history. The $5.05 billion fourth quarter adds to the other excellent financial quarters for the company, allowing it … Read more
Figma The Competition and Markets Authority (CMA), the competition watchdog in the United Kingdom, has provisionally determined that Adobe’s proposed $20 billion acquisition of Figma would be harmful to the marketplace. Adobe announced that it had purchased Figma, an extremely popular design platform and Adobe XD competitor, for $20 billion in cash and stock in … Read more
Most of the former employees of Apple prefer to work for Google, according to an analysis of LinkedIn profiles in the tech industry. The analysis also reveals that there are people who switch from Google to Apple, but the majority of Apple’s employees have previously worked for Intel, Microsoft, or Amazon.The team at Switch on … Read more
Computer Emergency Response Team (CERT-In) has issued a high-severity warning about multiple vulnerabilities in multiple Adobe applications. According to the report, multiple vulnerabilities have been reported in Adobe products which can allow an attacker to bypass security restrictions on the targeted system. List of affected Adobe applications ColdFusion 2023 Update 5 and earlier versions ColdFusion … Read more
In October, users started reporting that the latest version of Lightroom Classic (13.0 and the updated 13.0.1) was exhibiting a bug that broke workflows for a large number of users. According to multiple user reports, versions 13.0 and 13.0.1 of Lightroom Classic (which launched on October 13) exhibit a bug where an editor will attempt … Read more