![]() The Photoshop maker had argued that it does not compete with Figma in any meaningful way. Sources familiar with the matter said that while the two companies had been in constant touch with antitrust agencies in the UK, the EU and the US to work out a path to close the deal, the UK regulators have in recent weeks indicated that it would require remedies for Adobe to divest Figma design, a core asset of the acquisition.Īdobe, whose shares rose about 1%, had refused to offer fixes to the CMA on grounds that no remedy that preserved the benefits of the deal would be sufficient to ease its concerns. The company has also been cash-flow positive, an important metric for public market investors to evaluate potential IPO candidates.īoth Figma and Adobe have benefited from the generative AI craze, as Figma launched new features as it expands into software development, and Adobe has released generative photo tools such as Adobe Firefly.īritain’s Competition and Markets Authority (CMA) last month said the deal would harm innovation for software used by the vast majority of UK digital designers, echoing similar concerns from the EU on the potential reduction of competition. The cash-and-stock deal, announced in September last year, was the latest to draw tough scrutiny from regulators worried about Big Tech acquisitions that boost the market power of dominant companies or involve startups seen as nascent rivals.Īdobe will pay a termination fee of US$1 billion to San Francisco-based Figma, whose web-based collaborative platform for designs and brainstorming is used by Uber, Coinbase, Zoom Video Communications and many other firms.įigma has expanded its team from 800 to 1,300 people in the past year, and is expected to grow its annual recurring revenue by 40% to over US$600 million this year, a source familiar with the matter said. In other words if an instance has been discovered at that point which doesn't have the nofollow keyword in its rel, then the link will be followed.NEW YORK: Adobe on Monday (Dec 18) shelved its US$20 billion (RRM93.8 billion) deal for cloud-based designer platform Figma, pointing to “no clear path” for antitrust approvals in Europe and the UK for what would have been among the biggest buyouts of a software startup. Now observes rel=nofollow in a link, if at the point the engine comes to follow that link, *all instances discovered so far* are marked 'rel=nofollow'.This does raise some questions and the matter is left open at this point. ![]() ie if it is internal according to its domain, integrity does not mark it as an external link or treat it as external, ie not following it. ![]()
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