HomeNewsbusinessAdobe acquired Figma design platform for $20 billion

Adobe acquired Figma design platform for $20 billion

Adobe acquired Figma design platform for $20 billion – Adobe announced the acquisition of design software company Figma for roughly $20 billion in cash and equity. Adobe’s stock dropped by 17%, marking the worst plunge since 2010. Dylan Field, co-founder and CEO of Figma, will continue in that position after the deal is completed. David Wadhwani, president of Adobe‘s digital media division, will serve as immediate supervisor.

  • Figma was founded in the year 2012 and makes cloud-based design software to enable real-time collaborative collaboration.
  • It squares off against Adobe’s XD software.
  • Adobe CEO: Shantanu Narayen
  • Figma co-founder and CEO: Dylan Field
  • Adobe’s Digital Media Business President: David Wadhwani

******** End ********

★★★★  You Can Also Read  ★★★★

Computer Awareness Quiz Questions Set (Banking)
Read Daily Current Affairs Topic Wise
Daily Current Affairs Quiz (Current GK Test)
Static Gk Quiz Questions and Answers

📣 Prepare Exams is now on Facebook, Twitter, Instagram, YouTube Channel, and Google News to get all the latest News

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Advertisement

Latest Articles