Figma Will Be Purchased by Adobe for $20B

Figma Will Be Purchased by Adobe for $20B

The agreement is a part of Adobe’s effort to increase the number of tools it offers for remote collaboration, design, and production.

California’s SAN JOSE For over $20 billion in cash and equity, Adobe has signed a binding merger deal to buy Figma, a significant web-first collaborative design platform.

The acquisition builds on the purchases of the work management platform Workfront in 2020 and the agreement for in new tab), a cloud-based video collaboration platform, and is a part of Adobe’s ongoing effort to broaden its tools for creative collaboration.

According to Shantanu Narayen, chairman and CEO of Adobe, “Adobe’s brilliance has been rooted on our ability to build new categories and offer cutting-edge technology through organic innovation and inorganic acquisitions.” “Adobe and Figma working together is a game-changer and will help us realise our goal for collaborative innovation.”

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