Today, Adobe (Nasdaq:ADBE) announced it has entered into a definitive merger agreement to acquire Figma, a leading web-first collaborative design platform, for approximately $20 billion in cash and stock. The combination of Adobe and Figma will usher in a new era of collaborative creativity.
Makes sense. The multiple of Figma’s revenue says something about how serious Adobe saw the threat. It will likely set a new level of expectations for future acquisitions, but that’s a problem for another day.
On an unrelated note, I couldn’t find Virtual Ubiquity’s purchase on Adobe’s news website — because it only goes back to 2009. Seems I’m old now.