Adobe intends to end its effort to build a web design product to rival Figma following the collapse of its proposed $20B takeover of the company, Bloomberg’s Brody Ford reports. When Adobe agreed to acquire Figma, it put its competing XD program in “maintenance mode,” the author notes. Adobe has “no plans to further invest” in the product following the Figma deal falling apart, the author says.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ADBE:
- Early notable gainers among liquid option names on January 29th
- Adobe Executive Team’s New Performance Share Program
- Alphabet ends contractual ties with AI data firm Appen, CNBC reports
- Nuvei, Adobe partner on eCommerce payments
- Historic data leak reveals 26B records from Adobe, others, Cybernews reports