The recent $20 billion purchase of San Francisco-based Figma by Adobe, one of the world’s leading design and graphics software companies, could potentially lead to legal action. Reports have recently emerged claiming that another tech giant, Microsoft, had previously initiated talks for a potential merger with Figma, but these talks were cut short due to Adobe’s bidding. As a result, it has been suggested that Microsoft may seek legal action against Adobe.
Figma is a design software tool created in 2012, with an aim to help web and UI designers collaborate and work on their projects more effectively. In recent years, it has become one of the most popular design tools available, boasting more than one million active users. As a result, the design software market has become increasingly crowded.
Adobe is no stranger to acquiring other companies in the design and graphic industry. Past purchases include the acquisition of Behance for $150 million in 2012, and Getty Images for $1.68 billion in 2019. By acquiring Figma, Adobe can now remain competitive in the industry and capitalize on its widespread popularity.
However, Microsoft’s claim of Adobe stealing the merger opportunity could lead to legal action. Reports state that Microsoft was attempting to acquire Figma and that the deal was almost completed, before Adobe stepped in and outbid them. If Microsoft’s claims are proved to be true, then Adobe could face legal action.
At present, legal action has yet to be taken, but if Microsoft decides to move ahead with the lawsuit, it could have serious implications for Adobe. If the case is based on the actual facts of the case, then the company may be liable for substantial damages, as the $20 billion purchase of Figma is one of the largest tech industry deals on record.
Adobe’s acquisition of Figma is sure to benefit the company, as it will give them an edge when competing against other major players in the design software industry. However, Microsoft’s claims could potentially put a stop to the deal and have serious consequences for Adobe. Only time will tell what the outcome of this potential lawsuit will be.