Adobe To Buy Figma For $20 B

Adobe a creative and designing software company announces to buy Figma its competitor a cloud-based creative software company for $ 20 billion

Adobe a giant software company announces a deal to acquire Figma another software company in a deal worth $20 billion according to the media reports. Figma is considered to be the biggest competitor of Adobe as both are software companies that make creative and art-related software. The media reports say that the acquisition will be used to expand its tools for its customers who are usually creative professionals and big companies. It was also

Figma is a cloud-based design application that allows its users to collaborate in real-time. It can also be considered as a saas product i.e software as a service. However Adobe is a software that has different programmes in it like photoshop, premiere pro, after effects, InDesign etc., it also has a cloud-based service known as Adobe Creative Cloud.

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