Adobe Buys Rival Figma for $20 billion

Software solutions provider Adobe Systems on Thursday announced it bought privately held collaboration-software rival Figma for $20 billion in cash and stock in the company’s largest ever deal. This deal is over four times what Adobe paid for Marketo in 2018. Before that, the biggest was Macromedia for $3.4 billion in 2005. Adobe’s aggressive acquisition came as they also announced fiscal third-quarter results Thursday which highlighted continued deceleration in ADBE’s growth. The market priced the deal and earnings with concern … Continue reading “Adobe Buys Rival Figma for $20 billion”