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Adobe to Acquire Figma in $20 Billion Deal

Picture Source: Internet

On Thursday, Adobe announced that it would buy collaborative design software company Figma for about $20 billion – that makes it Adobe’s biggest deal to date and one of the biggest acquisitions in the software space.

With this $20 billion cash and stock deal, Adobe will acquire one of its fastest-growing rivals. According to CNBC, well-known brands like Airbnb, Coinbase, and Zoom use Figma’s design and brainstorming collaboration platform. But some artists and designers appeared unhappy with the deal, expressing their concerns on social media. Many have done this with the help of memes.

Founded in 2012 by Dylan Field and Evan Wallace, Figma is known for pioneering web product design. “The great thing about Adobe is our ability to create new categories and deliver cutting-edge technologies through organic innovation and inorganic acquisitions,” said Shantanu Narayen, Adobe Chairman and CEO. “The combination of Adobe and Figma is transformative and will accelerate our ability to achieve Collaborative creativity vision effort.”

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