Figma will receive a $1 billion fee.
  • @simple@lemm.eeEnglish
    60•1 year ago

    Awesome 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.

    • @LifeInMultipleChoice@lemmy.worldEnglish
      2•1 year ago

      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