Adobe acquires Figma for $20 billion to gain an upper hand in collaborative designing space
Image Credit: bloomberg
Adobe has been the oldest name associated with digital designing and documentation. But with its latest acquisition of its main competitor Figma, the company has bolstered its position as the leading player in the digital creative tech ecosystem. Adobe’s $20 billion deal for buying Figma comes along with its quarterly earnings which revealed that turnovers have gone past forecasts at $4.43 billion.