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by jasode
1365 days ago
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>legal for the Figma owners to sell the company to Adobe, create the new company, say Figma2.0 and create similar(better) product from scratch, Not possible for this type of acquisition. It was reported that this was a cash+stock deal. The typical acquisition contract means the Figma founders would likely have "golden handcuffs" to stay on as employees of Adobe where their Adobe stock would vest over several years. (Say 4 years.) The contract also means they have a standard "no compete" clause and can't quit and start similar company for several years. |
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