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Adobe has just announced it is acquiring Figma, a popular design platform that competes with Adobe's XD product, for around US$20 (S$28 billion) billion in cash and stock. This will be Adobe's largest ever acquisition by some margin. The last time Adobe made a record acquisition was back in 2018 when it acquired Marketo for US$4.75 billion. Adobe said: Together,...
Dylan Field dropped out of an Ivy League school in 2012 to take a grant from the billionaire Peter Thiel and start a software company called Figma. A decade later, Field’s stake in the company is now worth over $2 billion.
Four years ago, Dylan Field was living in a one-bedroom apartment in San Francisco's gritty Mission District, where he would stop for a $1 cup of coffee on his way to work.
Adobe plans to address a gap in its product portfolio by buying cloud-based collaboration software maker Figma.
But should designers be worried?