Figma

Figma is an American company founded in 2012 by Dylan Field and Evan Wallace. It develops browser-based software development tools, allowing developers to work together in real time. According to Field, Figma aims to become for design what Google Docs has become for working with text, and GitHub for programming.

History

2022: Adobe bought Figma for $20 billion

On September 15, 2022, Adobe announced the acquisition of Figma for $20 billion. The buyer will pay half of the transaction with their own funds, and the other part with shares. As Bloomberg notes, we are talking about the largest takeover of a software developer in history.

At the same time, Adobe shares after the announcement of the deal fell before the start of trading by 13%. Investors are worried that in order to pay $20 billion for Figma, the company will have to increase its debts - at the beginning of September it had cash and cash equivalents of $3.87 billion. In addition, some investors consider the amount of the transaction excessive.

Figma Service Interface

From the beginning of 2022 to mid-September 2022, Adobe shares lost more than a third of their value. Investors have become skeptical about the monopoly of the company's products in the professional design market.

After closing the deal with Adobe, co-founder and head of Figma Dylan Field will work under the leadership of David Wadhwani, president of Adobe's digital media division.

Adobe chief Shantanu Narayen called the deal "transformational."

Thanks to the wide range of Adobe and Figma products, the joint company... will combine opportunities for brainstorming, sharing [services], creativity and collaboration, "he said.

After the start of Russia's special operation in Ukraine on February 24, 2022, Figma froze corporate Russian accounts and suspended all sales in the country.^[1]

Notes