Adobe announced today that it has signed a definitive agreement to acquire Figma, a startup developing “online design collaboration tools,” for approximately $20 billion in cash and stock .
It is understood that Figma is led by co-founder Dylan Field (Dylan Field), and the demand for Figma products has surged during the epidemic with the rise of remote working. Figma’s clients include Airbnb, Google, Netflix and Twitter, and its backers include venture capital firms Kleiner Perkins, Index and Greylock.
“Adobe’s mission is to change the world through digital experiences,” Adobe said in a statement. “Figma’s mission is to help teams collaborate visually and make design accessible to all. Adobe’s integration with Figma will reimagine creativity. and productivity, accelerating creativity for the web, advancing product design, and inspiring a global community of creators, designers and developers. The combined company will create greater value for customers, shareholders and the industry.”
According to the agreement, about half of the acquisition amount of about $20 billion will be in cash and half in stock. In addition, approximately 6 million additional restricted stock units (RSUs) will be awarded to Figma’s chief executive officer (CEO) and employees.
Adobe expects the deal to close in 2023. Following the transaction, Figma co-founder and CEO Dylan Field will continue to lead the Figma team, reporting to David Wadhwani, president of Adobe’s digital media business. The two companies will continue to operate independently until the transaction closes.
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- 2022-09-15 Adobe announces acquisition of online design startup Figma for about $20 billion
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