Adobe on Thursday announced that it is going to acquire Figma – a collaborative design software company – for about $20 billion. This makes it Adobe’s biggest deal to date, and also one of the largest acquisitions in software.
With this $20 billion cash and stock deal, Adobe will acquire one of its fastest-growing rivals. According to CNBC, Figma’s collaborative platform for designs and brainstorming is used by Airbnb, Coibase and Zoom, among other big names.
News of the deal sparked memes galore on social media
Adobe:“Welcome, Figma!” pic.twitter.com/gt2m4oBLz2
— Tommy Mason (@_TommyMason) September 15, 2022
Next Canva? pic.twitter.com/WSYka2klQO— Patel Meet (@mn_google) September 15, 2022
Designers on GetintoPC when "Adobe Figma Cracked" drops. pic.twitter.com/rJw2e7i1UM— Emisho (@Emishonowayi) September 15, 2022
Helluva 24hrsPatagonia is acquired by Earth
Figma is acquired by Adobe
— Zander Whitehurst (@zander_supafast) September 15, 2022
But a number of artists and designers appeared to be unhappy about the deal and took to social media to share their concerns. Many did so with the help of memes.
*Figma getting acquired by Adobe*Designers : pic.twitter.com/tq8SY6Y23W
— anuragkrishh (@anuragkrishh) September 15, 2022
I and most other designers seeing the Adobe Figma news. pic.twitter.com/koIluyIg4e— Oladotun Akinleye (@DOTakinleye) September 15, 2022
figma: we are the fun, independent way to design :)
adobe: what about $20,000,000,000
figma: ok fine— juan (@juanbuis) September 15, 2022
“Adobe’s greatness has been rooted in our ability to create new categories and deliver cutting-edge technologies through organic innovation and inorganic acquisitions,” said Shantanu Narayen, chairman and CEO of Adobe. “The combination of Adobe and Figma is transformational and will accelerate our vision for collaborative creativity.”
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.