Adobe announced Thursday morning that it will acquire design software firm Figma in a deal worth about $20 billion in cash and stock.
Thursday morning that it will acquire design software firm Figma in a deal worth about $20 billion in cash and stock.
Figma, founded in 2012, creates cloud-based design software that allows teams to collaborate in real time. It competes head-to-head with Adobe's XD program. Adobe said it will integrate some of the features from its other products, such as illustration, photography and video technology, into Figma's platform. Adobe sells a range of software services for photo and video professionals, like Photoshop, Illustrator, Premiere Pro and more.
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