Adobe’s $20B Figma Buy Expected to Close in 2023

Adobe agreed to buy Figma, a web-first collaborative design platform, for about $20 billion in cash and stock, Adobe said Thursday. “Figma’s web-based, multi-player capabilities will accelerate the delivery of Adobe’s Creative Cloud technologies on the web, making the creative process more productive and accessible to more people,” said Adobe. The transaction, expected to close in 2023, awaits the approval of Figma’s shareholders.