Figma Bags New Investment At $12.5B Valuation, Nearly 40% Lower Than The Terminated $20B Adobe Deal
Portfolio Pulse from Benzinga Neuro
Figma Inc. has secured a $12.5 billion valuation through a secondary share sale involving prominent investment firms. This valuation is significantly lower than the previously terminated $20 billion acquisition deal with Adobe Inc. due to antitrust concerns raised by the European Union.
July 18, 2024 | 9:12 am
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Adobe's terminated $20 billion acquisition deal with Figma due to EU antitrust concerns has led to Figma securing a new $12.5 billion valuation.
The termination of the $20 billion acquisition deal due to antitrust concerns is a significant setback for Adobe, potentially impacting its stock negatively in the short term.
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