scorecardresearchAdobe to buy Figma in $20 billion bid on future of work that spooks investors

Adobe to buy Figma in $20 billion bid on future of work that spooks investors

Updated: 16 Sep 2022, 03:34 PM IST
TL;DR.
The cash-and-stock deal, the biggest buyout of a privately-owned software startup, will give Adobe ownership of a company whose web-based collaborative platform for designs and brainstorming is widely popular among tech firms including Zoom Video Communications, Airbnb Inc and Coinbase.
FILE PHOTO: FILE PHOTO: An Adobe logo and Adobe products are seen reflected on a monitor display and an iPad screen, in this picture illustration July 8, 2013.     REUTERS/Dado Ruvic/Illustration/File Photo             GLOBAL BUSINESS WEEK AHEAD PACKAGE Ð SEARCH BUSINESS WEEK AHEAD MARCH 13 FOR ALL IMAGES/File Photo

FILE PHOTO: FILE PHOTO: An Adobe logo and Adobe products are seen reflected on a monitor display and an iPad screen, in this picture illustration July 8, 2013. REUTERS/Dado Ruvic/Illustration/File Photo GLOBAL BUSINESS WEEK AHEAD PACKAGE Ð SEARCH BUSINESS WEEK AHEAD MARCH 13 FOR ALL IMAGES/File Photo