No one can buy Canva now. Other start-ups beware
Any start-up boss hoping to get rich selling their company to a tech giant should learn from Adobe’s $US20 billion attempt to buy design software maker Figma, which collapsed this week.
No one can buy Canva now. Adobe, its largest rival, inadvertently put paid to that with its attempt to acquire another design software firm, Figma, that collapsed this week. The $US20 billion ($29.5 billion) deal, struck 15 months ago, crumpled after regulators in three markets said or signalled they would block it. If they were that worried about an Adobe-Figma tie-up, they would be aghast at the prospect of a software giant buying Canva. So that’s a non-starter.
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