Adobe is about to make the biggest deal in the history of IT companies – to buy Figma for a record $20 billion.
The well-known company Adobe Inc., which gave the world Photoshop and Illustrator, has announced a large-scale acquisition – Figma. The purchase will cost a whopping $20 billion. One part of it will be paid in "live" money, and the other – in the form of shares. The parties plan to finally complete the upcoming deal in the 2023, having previously secured the approval of the authorities.
Bloomberg, a financial information provider, pointed out that the successfully completed transaction is likely to be the largest takeover by an IT company of its competitor in the history of such enterprises. At the same time, some analysts tend to believe that the price is simply indecently high. For example, Brent Till, an employee of the financial company Jefferies, clarified that the amount of $20 billion is 50 times the estimated income of Figma for the current 2022.
Dylan Field, co-founder and CEO of Figma, noted that despite the merger, Figma will remain autonomous, and he will remain its leader. In turn, Adobe clarified that the Figma online editor will be supplemented with its functionality related to working with images, photo and video materials, 3D graphics, and fonts. Dylan Field reacted positively to this and considered this decision a great opportunity to take the development of Figma to a new level.
For reference: IT-company Figma Inc. was founded in 2012 by Dylan Field and his friend Evan Wallace. The company's office is located in San Francisco (USA). In 2015, the company released a graphics editor with an online collaboration option.