Ina Fried / Axios:
Adobe argues Figma will help it rethink design tools for the cloud era; Adobe’s competing product, XD, generated just $15M in annual revenue after seven years — Adobe executives think there’s a lot that critics of its $20 billion purchase of Figma are missing.
Ina Fried / Axios:
Unlike Getty Images, Adobe plans to sell stock images made by artists using generative AI tools like DALL-E, but requires that the images be labeled as such — Adobe is opening its stock images service to creations made with the help of generative AI programs like Dall-E and Stable Diffusion, the company tells Axios.
Hunter Walk:
Adobe’s $20B Figma deal is worth it because Figma’s $400M ARR, independent of margin, was continuing to double and creating pricing pressure on Adobe — Hint: The Answer Doesn’t Involve a Spreadsheet — I’m not an investor in Figma. I don’t know Figma CEO Dylan Field. And I’m not a designer.
Bloomberg:
Adobe plans to acquire UI design and prototyping tool Figma for around $20B in cash and stock; Figma CEO Dylan Field will continue in the role — Adobe Inc. is nearing a deal to acquire Figma, a startup that makes online design collaboration tools, people with knowledge of the matter said.
Brody Ford / Bloomberg:
Adobe’s Scott Belsky says the company plans to integrate Figma without changing its pricing or UI, add support for other Adobe tools, and more — Adobe Inc. plans to add technology from its creative software portfolio to Figma without tweaking pricing or simplicity after its acquisition …
Nilay Patel / The Verge:
An interview with CEO Dylan Field on scaling Figma, selling the company to Adobe, retaining autonomy, WebGL, making VR Figma for the metaverse, AGI, and more — We also talk about AI and VR — but we know why you’re here. … Dylan Field is the co-founder and CEO of Figma …
Josh Sisco / Politico:
Sources: the US DOJ is preparing to open an in-depth probe into Adobe’s $20B takeover of Figma and has been contacting customers, competitors, and investors — The Justice Department is preparing to open an in-depth investigation of Adobe’s $20 billion takeover of design collaboration company Figma …
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