Figma

The deal values Figma cofounders Dylan Field and Evan Wallace's stakes in the buzzy design startup at $2 billion apiece.

Field took a Thiel Fellowship and dropped out of college in 2012 to begin building what would become Figma. Adobe’s last major acquisition was a [$1.2 billion takeover](https://blog.frame.io/2021/08/19/adobe-announces-intent-to-acquire-frameio/) of collaborative video editing and review software maker Frame.io in August 2021. “And design is a team sport—it’s collaborative by nature.” Forbes reported that the startup generated $75 million in revenue in 2020. Forbes estimates that Field and Wallace each hold a 10% stake in the company that would now be valued at $2 billion. “The combination of Adobe and Figma is transformational and will accelerate our vision for collaborative creativity.”

The cash-and-stock deal will give Adobe ownership of a company whose online collaborative platform for designs and brainstorming is used by firms ranging ...

Either company will have to pay a termination fee of $1 billion if they scrap the deal. The company had cash and cash equivalents of $3.87 billion as of Sept. Some analysts pointed to the size of the deal that could require Adobe to raise debt.

Adobe bought Figma for $20 Billion and thereby wiped out its biggest competitor in digital design, making it the biggest news for the world of digital ...

Dylan Field is expected to stay in Figma and drive its business for the time being. The challenge for Adobe would be to build the bridge between Adobe's strengths lie in acquisitions of various companies in digital creation, and their core is design, but now they have a strong marketing arm. The third quarter came with Adobe confirming turnovers of $4.43 billion and earnings per share at $3.40, which surpassed forecasts. Only stock brokers and investors are not the only concerned lot, but the internet has many users posting comments showing their anxiety about normal usage. [Adobe](/topic/adobe)bought [Figma](/topic/figma)for $20 Billion and thereby wiped out its biggest competitor in digital design, making it the biggest news for the world of digital creative technology, according to reports.

The deal announced by Adobe, which is a mix of half cash and half stock, and would mark the biggest ever takeover of a private software company.

सॉफ्टवेयर प्रमुख एडोब ने गुरुवार को घोषणा की कि वह नकद और स्टॉक सौदे में लगभग 20 बिलियन ...

The deal is part of Adobe's push to expand its tools for virtual collaboration, design and remote production.

“Figma has built a phenomenal product design platform on the web,” said David Wadhwani, president of Adobe’s Digital Media business. “The combination of Adobe and Figma is transformational and will accelerate our vision for collaborative creativity.” Founded by Dylan Field and Evan Wallace in 2012, Figma pioneered product design on the web.

The deal will give Adobe ownership of a company whose online collaborative platform for designs and brainstorming is used by firms ranging from Zoom Video ...

More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. The company had cash and cash equivalents of $3.87 billion as of Sept. Either company will have to pay a termination fee of $1 billion if they scrap the deal. Some analysts pointed to the size of the deal that could require Adobe to raise debt.

Figma, which allows customers to collaborate on software as they build it, saw demand jump during the pandemic while more people worked remotely.

The transaction is expected to be accretive to Adobe’s adjusted earnings per share at the end of the third year. Adobe expects the cash consideration to be financed through cash on hand and, if necessary, a term loan. The company is expected to add about $200 million in net new annual recurring revenue this year, surpassing $400 million in total annual recurring revenue by the end of 2022, with a net dollar retention of greater than 150%, Adobe said in an investor presentation. Adobe, which had been a Wall Street favorite for more than a decade, has been pummeled in the tech downturn, seeing its shares lose more than a third of their value since the start of the year. After closing, Field will continue to lead the Figma team, reporting to David Wadhwani, president of Adobe’s digital media business. The company was valued at $10 billion in its last funding round a year ago.

Rimer, a partner at the venture capital firm Index Ventures, invited Figma's co-founder and chief executive officer, Dylan Field, to dinner and ordered a bottle ...

Field, 30, is now of legal drinking age in the US, and both he and Rimer stand to make a lot of money from the sale. Rimer went ahead, he recalled, and ordered the Pinot anyway. [Index Ventures](/quote/1805Z:SW), invited Figma’s co-founder and chief executive officer, Dylan Field, to dinner and ordered a bottle of wine to celebrate the deal.

Adobe bought Figma for $20 Billion and thereby wiped out its biggest competitor in digital design, making it the biggest news for the world of digital ...

Dylan Field is expected to stay in Figma and drive its business for the time being. The challenge for Adobe would be to build the bridge between Adobe's strengths lie in acquisitions of various companies in digital creation, and their core is design, but now they have a strong marketing arm. The third quarter came with Adobe confirming turnovers of $4.43 billion and earnings per share at $3.40, which surpassed forecasts. Only stock brokers and investors are not the only concerned lot, but the internet has many users posting comments showing their anxiety about normal usage. [Adobe](/topic/adobe)bought [Figma](/topic/figma)for $20 Billion and thereby wiped out its biggest competitor in digital design, making it the biggest news for the world of digital creative technology, according to reports.

Adobe Chief Executive Shantanu Narayen hailed Figma's business as "the future of work" and said there were "tremendous opportunities" in combining it with ...

Either company will have to pay a termination fee of $1 billion if they scrap the deal. It added that Figma's total addressable market would reach $16.5 billion by 2025 across design, whiteboarding and collaboration. Adobe Inc agreed on Thursday to acquire Figma, whose products are used by software developers to collaborate, for $20 billion, sparking investor concerns about the rich price tag that led to a drop of more than $30 billion in the market value of the Photoshop maker.

Adobe Systems Inc. spent $20 billion on its biggest acquisition ever of design software maker Figma Inc. to win the exact kind of consumers and small ...

Adobe Inc will buy startup Figma for about $20 billion in its biggest deal, the Photoshop maker said on Thursday, bulking up on applications that support ...

Either company will have to pay a termination fee of $1 billion if they scrap the deal. Distribution across machines running on Windows helped Adobe gain ubiquity and the companies also sync their products across platforms. It's not a sustainable solution." The company had cash and cash equivalents of $3.87 billion as of Sept. Some analysts pointed to the size of the deal that could require Adobe to raise debt. Adobe has sharpened its focus on the collaboration tools space in recent years through acquisitions.