Figma and Adobe are abandoning our proposed merger
Fifteen months into the regulatory review process, Figma and Adobe no longer see a path toward regulatory approval of our proposed acquisition.
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Figma and Adobe have reached a joint decision to end our pending acquisition. It’s not the outcome we had hoped for, but despite thousands of hours spent with regulators around the world detailing differences between our businesses, our products, and the markets we serve, we no longer see a path toward regulatory approval of the deal.
We entered into this agreement 15 months ago with the goal of accelerating what both Adobe and Figma could do for our respective communities. While we leave that future behind and continue on as an independent company, we are excited to find ways to partner for our users.
Amid the uncertainty of a pending acquisition, I am deeply proud of how the Figma team delivered for our community and feel we have only continued to accelerate our pace over the past 15 months. Our team built and shipped new products to make it easier to ideate, design and build software, including our first native AI features Our new AI features help bring the power of visual collaboration in FigJam to even more people. How can a design tool work better for developers? It’s a question we’ve been asking ourselves and our community. Today, we’re excited to introduce Dev Mode, a new workspace in Figma that’s designed to get developers what they need, when they need it, harnessing the tools they use every day. We’re launching Dev Mode, variables, advanced prototyping, and a series of quality of life updates to help you go from design to build. AI is more than a product, it’s a platform that will change how and what we design—and who gets involved.
Introducing AI to FigJam
Making Figma better for developers with Dev Mode
Config 2023: Reimagining where teams design and build together
AI: The next chapter in design
Figma’s founding vision was to “eliminate the gap between imagination and reality.” The shift from a physical economy to a digital economy and huge advances in AI have combined to make this aspiration feel even more urgent and within reach today than it did 11 years ago.
This will be our focus moving forward. We want to make it easy for anyone to design and build digital products on a single multiplayer canvas—from start to finish, idea to production. I’m so excited for what the future holds and beyond grateful to our community for supporting us. Figma’s best, most innovative days are still ahead. See you all in 2024!
Dylan Field is the co-founder and CEO of Figma. Dylan studied computer science and mathematics at Brown University where he and his co-founder, Evan Wallace, first started experimenting with design tools built on (and for) the web. With funding from a Thiel fellowship, they began Figma. Prior to Figma, Dylan interned at O'Reilly Media, LinkedIn, and Flipboard.
