Adobe Agrees To Buy Figma, A Design Platform, For $20 Billion

Adobe has entered into a definitive merger agreement to acquire Figma, a major web-first collaborative design platform, for approximately $20 billion in cash and stock.

 

The deal is part of Adobe’s ongoing push to expand its tools for creative collaboration and builds on previous acquisitions of the work management platform Workfront in 2020.

“Adobe’s greatness has been rooted in our ability to create new categories and deliver cutting-edge technologies through organic innovation and inorganic acquisitions,” said Shantanu Narayen, chairman and CEO, Adobe.

“The combination of Adobe and Figma is transformational and will accelerate our vision for collaborative creativity.”

Founded by Dylan Field and Evan Wallace in 2012, Figma pioneered product design on the web.

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Today, it offers tools for users designing interactive mobile and web applications to collaborate through multi-player workflows, sophisticated design systems and a rich, extensible developer ecosystem, the companies said.

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