The American company Adobe buys the online interface development service Figma.
What is known
Adobe to pay $20 billion for FigmaThe US giant will partially finance the deal with cash and shares (50/50). Interestingly, the value of Adobe securities after the appearance of information about the purchase collapsed by 13%. Bloomberg Intelligence attributes this to the high price of the deal.
But Adobe stock is not all right for the rest of 2022.Since January, securities have fallen in price by more than 33%. This is due to a drop in investor confidence in the bright future of a line of software for professional designers, which forms more than half of Adobe's income.
As for Figma, the startup was founded tenyears ago. In 2021, the company was valued at $10 billion. In this regard, analysts call the cost of $20 billion highly inflated. Figma will continue to develop further and get access to Adobe's developments. Moreover, the buyer promises that Figma will exist as an independent product.
Dylan Field, startup founder,will continue to lead operations. In addition, it will receive 6 million additional restricted shares within four years. The deal between Adobe and Figma is expected to close in 2023.
Image: Figma