Adobe agreed to buy Figma for $20 billion — the biggest acquisition it had ever attempted. Fifteen months later regulators killed the deal, and Adobe paid Figma a billion dollars for a company it would never own. Here is why that payment was written into the contract from day one — and what a breakup fee actually buys.
The $44 billion deal Musk tried to walk away from.
Elon Musk set the price for Twitter in a single tweet — then spent six months trying to escape the contract he had signed. The bid was impulsive. The exit was impossible. Here is how the largest leveraged buyout in tech history actually worked, and why the hard part was never the price.
Microsoft wanted Activision Blizzard. The numbers were agreed in a week. Then it took nearly two years, three regulators, and a federal courtroom to actually close it. Here's the logic behind the largest acquisition in gaming history — and why the hard part was never the price.
