Adobe Acquires Figma to Enhance Collaborative Creativity

September 27, 2022 | | Updated: March 28, 2023

Adobe recently announced that it has entered into a merger agreement to take over Figma for $20 billion in cash and stock. Figma is a web-first collaborative design platform that supports digital collaboration and design access between creators. Figma has a loyal user following consisting of developers, designers and students. The company enables mobile and web application creators to mingle online through its intricate design systems, comprehensive developer ecosystem, and multi-player workflows. The merger will change the future of creativity and productivity by accelerating the online process with modern product designs. Both companies will gain access to a combined and significant user pool and will be able to bring them together for collaboration, sharing ideas, brainstorming, collaborating, and creating together.