Unsurprisingly. [0]
Did people here really think that the regulators are going to allow this merger to happen?
Adobe might as well pay the $1BN break up fee and the Figma will just use that to fund their IPO.
Did people here really think that the regulators are going to allow this merger to happen?
Adobe might as well pay the $1BN break up fee and the Figma will just use that to fund their IPO.
In the current environment, money-losing software companies aren’t exactly hot. The valuation from an IPO would be extremely disappointing for investors compared to the $20 billion Adobe is paying. A price/sales multiple of 10x would be generous, and that would be a $5B valuation.
And that explains why antitrust authorities around the world are interested in this deal: that kind of discrepancy suggests a market distortion in progress.
It doesn’t fit in Autodesk’s portfolio, and their acquisition activity tends to be frugal.