Adobe Will Acquire Figma for $20 Billion

Adobe has announced it will acquire the collaborative design platform Figma for approximately $20 billion.

Dylan Field and Evan Wallace began working on Figma in 2012, now the app is popular among designers and developers and could be called a competitor to Adobe XD – a similar design tool for web and mobile applications.

Adobe believes the combination of Adobe and Figma will usher in a new era of collaborative creativity.

The transaction is expected to close in 2023, after that, Dylan Field will continue to lead the Figma team, reporting to David Wadhwani, president of Adobe’s Digital Media business.

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