Adobe buying Figma in $20B cash-and-stock deal

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Adobe buying Figma in $20B cash-and-stock deal
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Software company Adobe is buying online design company Figma in an approximately $20 billion cash-and-stock deal. Figma, founded in 2012, allows those who design interactive mobile and web applications to collaborate through multi-player workflows.

FILE - In this Dec. 13, 2006, file photo, an exterior view of the Adobe headquarters in San Jose, Calif. Software company Adobe is buying online design company Figma in an approximately $20 billion cash-and-stock deal.

Software company Adobe is buying online design company Figma in an approximately $20 billion cash-and-stock deal. The companies said that Figma’s web-based, multi-player capabilities will accelerate the delivery of Adobe’s creative cloud technologies on the web, making the creative process more productive and accessible to more people.

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