{"schema_version":"secwatch.filing_event.v1","accession":"0000796343-23-000254","form_type":"8-K","ticker":"ADBE","cik":"0000796343","company_name":"ADOBE INC.","filed_at":"2023-12-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.022737+00:00","generated_at":"2026-06-07T11:33:19.825013+00:00","sec_items":["1.01","1.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Adobe terminates Figma acquisition, pays $1B termination fee due to regulatory hurdles","bullets":["Mutual termination of merger agreement effective December 17, 2023; no clear path for regulatory approvals from EU and UK.","Adobe will make a cash payment of $1 billion (termination fee) to Figma within three business days.","Both companies disagree with regulatory findings but decided to walk away; no other claims are sought.","Figma and Adobe will continue independently; Adobe says it remains well positioned to capitalize on market opportunity."],"urls":{"canonical":"https://secwatch.observer/filing/0000796343-23-000254","json":"https://secwatch.observer/filing/0000796343-23-000254.json","markdown":"https://secwatch.observer/filing/0000796343-23-000254.md","text":"https://secwatch.observer/filing/0000796343-23-000254.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/796343/000079634323000254/0000796343-23-000254-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/796343/000079634323000254/adbe-20231217.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T11:33:19.825013+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0d29b61919748304b56b83dc839c085a7cf30790","claim":"ADOBE INC. terminated Merger Agreement with Figma, Inc. valued at one billion dollars ($1,000,000,000) (effective 2023-12-17).","evidence_excerpt":"On December 17, 2023, the Company and Figma mutually agreed to terminate the Merger Agreement and entered into a mutual termination agreement effective as of such date (the “Termination Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/796343/000079634323000254/0000796343-23-000254-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Figma, Inc."},{"label":"Value","value":"one billion dollars ($1,000,000,000)"},{"label":"Effective","value":"2023-12-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}