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Adobe Buys Figma for Billions of Dollars

Adobe Buys Figma for Billions of Dollars
Adobe Buys Figma for Billions of Dollars
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Adobe has announced that it will acquire Figma. The company, which has become very popular around the world with the programs it offers, sacrificed billions of dollars to buy Figma. Curious details about the purchase to be realized are in our news.

Adobe Drops Billions of Dollars for Figma

The software giant, which hosts the industry’s most popular photo and video editing applications such as Photoshop and Premiere Pro, made a very important announcement . In the announcement, it was announced that Figma would be acquired for $ 20 billion.

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According to the information transferred, half of the 20 billion dollars will be paid in cash and half in the form of stocks. The acquisition, which will be realized by the United States-based software giant, is expected to be completed in 2023, subject to legal permissions and approval of Figma shareholders. In this process, companies will continue to operate independently.

Adobe Buys Figma for Billions of Dollars

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After the acquisition, Figma Founder and CEO Dylan Field will continue to manage the company. So there will be no change in the CEO position.

Figma, which started to serve in September 2016, offers a cloud-based design service that allows teams to collaborate in real time. One of the biggest advantages of the platform is that it has a free version. In addition, there are paid subscription plans that offer various benefits.

Figma, which has a huge popularity today, is one of the biggest competitors of Adobe’s XD program. It is not yet known what will happen to the XD program after the service in question is purchased.

Founded by Dylan Field and Evan Wallace, San Francisco-based Figma was worth $10 billion in 2021.

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