TEK2day

Operating at the Intersection of Technology and the Capital Markets

    Tag: PSUs

    • Analyzing an M&A Transaction

      We were critical of Adobe’s (ADBE) acquisition of Figma for a few reasons. These elements can be applied to the analysis of any M&A transaction. Valuation: 50x revenue is a rich valuation no matter how you slice it. I don’t care how unique Figma’s product offerings may be or how competitive the deal may have…