Page 135 - Creative Cloud News Today

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

Pioneer of collaborative product design on the Web scooped up after hitting $10bn valuation last year

It's a Silicon Valley maxim: if you have to compete with them, just make them join you. Adobe, the 40-year-old software company that pioneered...

Adobe, a 40-year-old corporation, has a sudden infatuation with a bright young thing

This former high-growth darling has slumped and now trades below its IPO price.

Cash and stock deal will see Figma become part of the broader Adobe ecosystem, adding collaborative software development to the design vendor’s list of capabilities.

Figma was once touted as the David to Adobe's Goliath

The deal will be comprised of approximately half cash and half stock. Adobe will finance the deal through its cash on hand and if necessary, a term loan.

Adobe is expected to shell out about $20 billion to buy software company Figma Inc.

Adobe is acquiring collaborative design giant Figma for $20 billion, but its expected to keep its distance for now..