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Microsoft looked at buying Figma but declined to put in an offer as Adobe deal was nearing - TL;DR CNBC

Microsoft looked at buying Figma but declined to put in an offer as Adobe deal was nearing

Publishing timestamp: 2023-01-12 01:37:02


Summary

Adobe is seeking approval from regulators in Europe to complete its proposed $20 billion Figma deal. According to filing, Figma CEO Dylan Field talked to Microsoft about potential deal but didn't receive interest. Adobe ultimately agreed to buy Figma in September for $20 billion. Microsoft is intimately familiar with Figma's technology and had its hands full with its own mega-deal. Adobe expects that current Figma shareholders will own about 4% of Adobe's outstanding stock once deal closes later this year.


Sentiment: NEUTRAL

Tickers: MSFTADBEATVI

Keywords: adobe inc.businessbreaking news: technologyenterprisebusiness newstechnologymicrosoft corpactivision blizzard inc

Source: https://www.cnbc.com/2023/01/11/microsoft-looked-at-figma-but-didnt-put-in-an-offer-ahead-adobe-deal.html


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