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Dylan Field, 30, who co-founded Figma in 2012, will easily become a billionaire if the deal announced on Thursday closes as expected, though his exact stake in the firm is not clear.
Adobe also revealed that it expects the deal to be accretive to its earnings three years after its completion. Before Figma, Adobe's largest acquisition was that of software maker Marketo for $4.75 billion in 2018.
Welcome to Week in Review, the newsletter where we quickly sum up the most read TechCrunch stories from the last sevenish days. The goal? Even if you've had a busy week, a quick skim of WiR should keep you in the (tech) loop.
SAN FRANCISCO, Sept. 15 (Xinhua) -- Adobe on Thursday announced it has entered into a definitive merger agreement to acquire Figma, a web-first collaborative design platform.
On Thursday, Adobe Inc. said it will buy Figma in a deal valued at about $20 billion