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Alex Chen
Meridian Capital
Good morning, Alex
Tuesday, 22 July
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NEW WORKSPACE
Orbit will assemble the companies, filings, models and history for this project into one living workspace.
Project type
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Companies
Adobe
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Figma
×
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≈ 42 sources · under 30s
Assembling your workspace
Gathering context for
Adobe acquires Figma
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Adobe acquires Figma
M&A · Software
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Settings
Orbit AI
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Share
Adobe acquires Figma
Live
Continuously maintained · updated 12m ago
Daily brief
Confidence · Medium
Since yesterday, Figma filed an
amended S-1
with revised deal terms, and the European Commission extended its Phase II review into Q3. I updated the accretion model — pro-forma EPS now moves
+3.2%
. Regulatory approval probability holds near
60%
.
Prepare IC brief
Ask a follow-up
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All 24 →
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Ask the workspace — “Why was Figma rejected in 2023?”
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Orbit's working memory
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Healthy
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Confidence
62%
AI understanding
Base case
Deal closes in Q4 with minor remedies, accretive by year two. Downside: it breaks and Figma trades standalone near $18B EV.
1 contradiction
3 assumptions
2 validations pending
Critical insights
View all
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Recent changes
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Conversation
What changed in the latest filing?
Three new risk sections on EU/UK remedies; headline price revised to $20B.
View full conversation →
62
ESC
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