12-18-23 Adobe & Figma call it off, Trevor Milton gets four years, Elon & more. Daily Capital News!
The covers several top news stories including the failed merger between Adobe and Figma due to regulator pressure, Google's $700 million settlement over Android app store practices, OpenAI giving its board ability to block unsafe AI models, Apple halting sales of some Apple Watch models over a patent dispute, and several major fundings and exits in the tech industry. Also covered are new funds from Springdale Ventures and Pivotal bioVenture Partners, an acquisition of Farfetch by Coupang, Improbable's gaming unit sale to Keywords Studios, Snowflake's acquisition of Samooha, and Alteryx's acquisition by Clearlake Capital and Insight Partners. Finally, some notable people updates highlight Elon Musk's turbulent year, Nikola founder Trevor Milton's prison sentence for fraud, and Strava co-founder Michael Horvath leaving with Michael Martin taking over as the new CEO.