The Freepik Company, known for its projects like Freepik, Wepik, Flaticon and Slidesgo, has announced the acquisition of Iconfinder.

Speaking about the acquisition, Martin LeBlanc — Founder & CEO of Iconfinder, writes:

For now, Iconfinder will stay Iconfinder, and Flaticon will stay Flaticon. My role will transition into the Head of icons, and we’ll start setting up a direction, merging the Iconfinder and Flaticon teams, and making gradual changes. Our goal is to learn from each other what we are best at and apply the practices and approaches to build the world’s best icon site, helping people around the world make beautiful designs faster.

Freepik has been a tremendous resource for designers of any kind, and similarly, Iconfinder’s vast collection of icons has been a personal favorite of mine for many years. I hope to see them collectively improve both the projects down the line.

Adobe set to acquire Figma for $20 billion

Adobe press release:

Today, Adobe (Nasdaq:ADBE) announced it has entered into a definitive merger agreement to acquire Figma, a leading web-first collaborative design platform, for approximately $20 billion in cash and stock. The combination of Adobe and Figma will usher in a new era of collaborative creativity.

Together, Adobe and Figma will reimagine the future of creativity and productivity, accelerate creativity on the web, advance product design and inspire global communities of creators, designers and developers. The combined company will have a massive, fast-growing market opportunity and capabilities to drive significant value for customers, shareholders and the industry.

Dylan Field, writing on the Figma blog, says:

Today, we’re announcing that Figma has entered into an agreement to be acquired by Adobe. This has been in the works over the past few months and I’m so excited to finally share this news with the world.

Ten years ago, Evan and I set out on a journey to make design accessible to all. Looking back, I’m proud to say we’ve made progress through introducing Figma to designers of all ages, geographies and levels of experience.

He goes on to say,

There is a huge opportunity for us to accelerate the growth and innovation of the Figma platform with access to Adobe’s technology, expertise and resources in the creative space. For example, we will have the opportunity to incorporate their expertise in imaging, photography, illustration, video, 3D and font technology to the Figma platform. Additionally, we will have the opportunity to reimagine what the best creative tools could look like within the Figma technology stack.

And clarifies that,

Adobe is deeply committed to keeping Figma operating autonomously and I will continue to serve as CEO, reporting to David Wadhwani.

Figma has gone on to become an immensely popular design tool in the last few years, and designers are noticeably disappointed about this news.

There’s no doubt that this is a big win for Adobe, and I’m very curious how much Figma changes going forward. My bet is that it gets worse.

WP Engine, a popular managed WordPress hosting services company, has today announced the acquisition of 5 WordPress plugins from Delicious Brains.

The plugins have a total installed base of approximately 4 million users and are widely adopted by WP Engine’s customers. The acquired software includes Advanced Custom Fields (ACF), WP Migrate, WP Offload Media, WP Offload SES, and Better Search Replace.

Over the last few years, WP Engine has been snapping up a number of products, aiming to level up their offering from developers. This includes Flywheel and Local, as well as StudioPress and the Genesis framework. Interestingly, it was exactly a year ago on June 2nd, 2021 that Elliot Condon — the original developer of Advanced Custom Fields (ACF) announced that Delicious Brains had acquired the plugin from them.

I’m currently using a number of these WordPress plugins on many of my websites, so I’m curious to see where WP Engine takes them.

Also read: The announcement by Delicious Brains.

Ian King, Giles Turner, and Peter Elstrom reporting for Bloomberg:

Nvidia Corp. is quietly preparing to abandon its purchase of Arm Ltd. from SoftBank Group Corp. after making little to no progress in winning approval for the $40 billion chip deal, according to people familiar with the matter.

Nvidia has told partners that it doesn’t expect the transaction to close, according to one person, who asked not to be identified because the discussions are private. SoftBank, meanwhile, is stepping up preparations for an Arm initial public offering as an alternative to the Nvidia takeover, another person said.

Someone at Intel is surely breathing a sigh of relief.

Tom Warren, writing on The Verge:

Microsoft is acquiring Activision, the troubled publisher of Call of Duty, World of Warcraft, and Diablo. The deal will value Activision at $68.7 billion, far in excess of the $26 billion Microsoft paid to acquire LinkedIn in 2016. It’s Microsoft’s biggest push into gaming, and the company says it will be the “third-largest gaming company by revenue, behind Tencent and Sony” once the deal closes.

One has to wonder how Microsoft plans to deal with all the issues & controversies that have plagued Activision Blizzard in recent times.

The Walt Disney Company (Disney) and Comcast Corporation (Comcast) have just announced that the companies have entered into an agreement wherein Disney will take “full operational control” of Hulu, effective immediately, and will purchase 33% ownership in Hulu in 5 years.

Under the put/call agreement, as early as January 2024, Comcast can require Disney to buy NBCUniversal’s interest in Hulu and Disney can require NBCUniversal to sell that interest to Disney for its fair market value at that future time. Hulu’s fair market value will be assessed by independent experts but Disney has guaranteed a sale price for Comcast that represents a minimum total equity value of Hulu at that time of $27.5 billion.

Disney seems to be going all out on this whole video streaming business.

BuySellAds — the popular ad-tech company — has just bought Digg from BetaWorks.

Cale Guthrie Weissman, reporting for Fast Company:

The company bought Digg’s assets, as well as its editorial and revenue teams, for an undisclosed amount. Additionally, the blockchain-based digital publishing platform Civil has hired up many people from Digg’s tech team.

BuySellAds owns brands like Carbon ads* and has previously bought and absorbed ad networks like Fusion Ads & Yoggrt in the past. The company has also acquired other companies like like Authentic Jobs and LaunchBit in the past. Interestingly, Digg’s tech team was not part of the acquisition.

(Note: Nuclear Bits was previously a part of the Carbon Ads network and Beautiful Pixels still runs ads from them.)

Atlassian — the Sydney-based giant that owns products like JIRA, Confluence, HipChat, Bitbucket, SourceTree, etc. has today announced that it will be acquiring Trello — the beloved project management app. The deal is worth $425 Million according to Business Insider.

Mike Cannon-Brookes, Co-Founder and CEO of Atlassian, writes:

Trello’s pioneering use of an intuitive visual system has been embraced by all kinds of teams to do everything from managing marketing campaigns to tracking action items from team meetings. Organizations in nearly every country and as varied as the Red Cross and Google have adopted Trello to get work done.

We’re thrilled to welcome the talented Trello team to Atlassian and look forward to working with them to change the way teams work together. Deep investments in R&D have long been a cornerstone of Atlassian’s business and we will continue that tradition with Trello.

My immediate concern upon reading this was how would Trello change under the Atlassian culture. Mike clarifies:

If you currently use Trello as either a free or paid user, you can rest assured that we will continue to offer Trello as a standalone service. We’ll be working with their product team to help them accelerate development efforts.

Over on the Trello blog, Michael Pryor, the CEO of Trello writes:

We’re excited about partnering with Atlassian because we both share a philosophy of empowering teams everywhere to work in their own style. We envision a world where hundreds of millions of people collaborate in teams however they like, with their imaginations being the only constraint for what they can accomplish. As part of Atlassian, Trello will be able to leverage investments in R&D that will enhance the product in meaningful ways. Our team will be able to focus on improving the core experience of Trello for all users. We are certain that Atlassian understands the unique and novel reasons why Trello is so successful and well-loved.

Atlassian & Trello do sound like a great fit, but I’m still concerned.