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How the Adobe Board Swung the Figma Deal
In episode 49 of Boardroom Conversations, Lucas and Luna examine the boardroom dynamics behind Adobe's failed $20 billion acquisition of Figma. They break down how Adobe's board convinced itself that buying the design competitor was the right move, the regulatory challenges that killed the deal, and how the board handled the aftermath — including the $1 billion breakup fee and what it means for future M&A in design software. The hosts also explore how Figma's board managed the deal from the other side, including founder Dylan Field's leadership through the scrutiny.
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