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    Home»Deals & Transactions»Adobe to buy online design firm Figma in $20B deal
    Deals & Transactions

    Adobe to buy online design firm Figma in $20B deal

    September 15, 2022Updated:September 15, 20221 Min Read
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    Photoshop maker Adobe Inc said on Thursday it would buy Figma in a cash-and-stock deal that valued the online design startup at about $20 billion.

    Shares of Adobe, which had cash and cash equivalents of $3.87 billion as of Sept. 2, were down nearly 8% in premarket trading.

    The company also reported its earnings on Thursday, with its fourth-quarter revenue forecast of $4.52 billion coming in below the $4.58 billion estimated by analysts, according to Refinitiv data.

    Read more: Reuters

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