Adobe Agrees To Buy Figma In A Deal Worth $20 Billion

Adobe announced today a deal to buy Figma for around $20 billion. The deal is expected to be completed in 2023, although it is still pending regulatory approval. Dylan Field, Figma’s co-founder, and CEO will continue to oversee the Figma team when the deal is completed. The businesses will operate separately as they wait for the agreement to conclude.

Artists and designers from a variety of creative professions frequently use the web-based design tool Figma. Figma’s ability to facilitate smooth online collaboration is one of its primary advantages. As more people transition to remote and hybrid work, that capacity is becoming more important.

Numerous well-known businesses, including Zoom, Slack, Twitter, and Dropbox, are listed as clients on the Figma website.

When the information was released, Figma’s Field made clear that the Figma will keep operating independently:

“Adobe is deeply committed to keeping Figma operating autonomously and I will continue to serve as CEO, reporting to David Wadhwani. David is someone I’ve known for a few years now and we have a strong relationship of mutual respect; I’m very excited for us to collaborate with him on how to continue growing Figma’s business. The entire Figma team will report to me. We plan to continue to run Figma the way we have always run Figma — continuing to do what we believe is best for our community, our culture, and our business.”

Scott Belsky, Adobe CPO, echoed similar sentiments:

“Figma will operate w/ autonomy, continuing to work their magic, no plans to change prices and will also continue to be free for education. we’re eager to preserve what’s great, and tackle some of the new possibilities together.”

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