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
Keywords: adobe inc., business, breaking news: technology, enterprise, business news, technology, microsoft corp, activision blizzard inc,