Adobe to acquire Figma in a deal worth $20 billion

An illustration of Adobe and Figma logos.
Adobe is buying Figma. | Image: Figma

Adobe has announced that it’s acquiring Figma, a popular design platform, for around $20 billion in cash and stock. After rumors surfaced early on Thursday about a potential acquisition, Adobe made it official in a press release shortly afterward. It’s big news in the design and development world, particularly as Figma has been competing heavily with Adobe’s XD products in recent years.

“Together, Adobe and Figma will reimagine the future of creativity and productivity, accelerate creativity on the web, advance product design and inspire global communities of creators, designers and developers,” claims Adobe. “The combined company will have a massive, fast-growing market opportunity and capabilities to drive significant value for…

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Author: Tom Warren