Adobe throws XD overboard after losing out on $20bn Figma deal

Date:
Wed, 31 Jan 2024 14:15:20 +0000

Description:
Adobe confirms it's keeping Adobe XD in maintenance mode after its attempt to buy web design tool Figma falls through.

FULL STORY ======================================================================

Its all over for Adobe XD. After losing out in its $20bn bid for Figma , the firm is conceding defeat in the UI design arena - for now, at least.

In the fallout of a deal that saw the company placed under the microscope of competition authorities in Europe and the US, Bloomberg is reporting that Adobe has confirmed it has no plans to further invest in its own UI/UX web design software .

It might look like Adobe taking back its ball because it doesnt want to play any more. But it feels like the inevitable conclusion for an app that was placed into maintenance mode once the company announced its surprise acquisition attempt. However, support will continue for existing users, with Adobe remaining open to new product design partners. So, theres hope yet for XD fans. Game over, man

When Adobe first revealed plans to buy up Figma, some Adobe XD users remained quietly hopeful that the team-up would lead to a blend of the best from both prototyping platforms. Presumably the board had the same idea, strengthening an app that had been increasingly losing market share to the more accessible Figma for a long time.

Outside the community, Adobes multi-billion dollar deal was eyed with a heavy dose of scepticism. Figma users feared a gutting of their favorite graphic design software . The markets werent enamoured. The authorities even less so, with regulatory watchdogs in the EU, UK, and US all examining the fine print for evidence the merger would create a monopoly. And users of Adobe XD were dismayed to find their tool effectively shuttered, receiving only bug and security updates.

In a show of hope over experience, even once the deal fell through, online communities were speculating that XD might come out of maintenance mode
again. Now we know the answer - and its not the one users wanted to hear.

Walking away from the proposed merger - at a cost one billion dollars for failing to seal the deal - the company confirmed its focus no rested on mainstays like Photoshop and Premiere Pro .

We are focused on the opportunity we have across imaging, photography,
design, web, animation and 3D, as well as Express and Firefly, the spokesperson said. Read more from TechRadar Pro Adobe is buying Figma for $20 billion - but not everyone thinks thats a good idea We tested out the best Photoshop alternatives - heres what we learned Download XD: How to try Adobe XD for free or with Creative Cloud



======================================================================
Link to news story: https://www.techradar.com/pro/adobe-throws-xd-overboard-after-losing-out-on-do llar20bn-figma-deal


--- Mystic BBS v1.12 A47 (Linux/64)
* Origin: tqwNet Technology News (1337:1/100)