Adobe Buying Figma in $20 Billion Cash-and-Stock Deal

Adobe Buying Figma in $20 Billion Cash-and-Stock Deal
The Adobe headquarters in San Jose, Calif., on Dec. 13, 2006. Paul Sakuma/AP Photo
The Associated Press
Updated:

Software company Adobe is buying online design company Figma in an approximately $20 billion cash-and-stock deal.

Figma, founded in 2012, allows those who design interactive mobile and web applications to collaborate through multi-player workflows, sophisticated design systems and a rich developer ecosystem.