fbpx
  • About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Non Banking Mergers & Acquisitions

Adobe to acquire Figma for approximately $20 billion in cash and stock

Adobe anticipates the cash consideration to be funded through cash on hand and, if required, a term loan

Ritu M R by Ritu M R
September 16, 2022
in Mergers & Acquisitions, Funds, The Global Economics, Top Stories
Reading Time: 3 mins read
0
Adobe to acquire Figma for approximately $20 billion in cash and stock

Adobe to acquire Figma for approximately $20 billion in cash and stock

31
SHARES
173
VIEWS
FacebookTwitterRedditWhatsAppLinkedInShare Link

Adobe has agreed to acquire Figma for approximately $20 billion which consists of about half cash and half stock, subject to customary amendments. Figma would be granted six million additional restricted stock units with CEO and employees that would confer over four years consequent to closing.

Adobe anticipates the cash consideration to be funded through cash on hand and, if required, a term loan. The transaction is likely to close in 2023, subject to the receipt of necessary regulatory clearances and approvals and the fulfilment of other closing conditions, as well as the approval of Figma’s stake holders.

Consequent to the closing of the transaction, Dylan Field, Figma’s co-founder and CEO, would continue to lead the Figma group, stating to David Wadhwani, president of Adobe’s Digital Media business. Up until the transaction completes, each firm will resume autonomously.

Adobe’s mission is to transform the world through digital capabilities. From transforming imaging and creative representation with Photoshop; to creating the digital marketing category with Adobe Experience Cloud; to pioneering electronic documents all through PDF, Adobe continues to discover and transform categories.

Figma’s mission is to assist groups work in partnership visually and make design accessible to everyone. Figma was established by Dylan Field and Evan Wallace in 2012, the company pioneered product design on the web. Currently, it is making it viable for everyone who creates web applications and interactive mobile to team up across sophisticated design systems, multi-player workflows, and a rich, extensible developers and developer ecosystem. Figma has attracted a new generation of resolute student following and loads of designers.

Collectively, Adobe and Figma will reimagine the future of productivity and creativity and, advance product design, accelerate creativity on the web, and inspire global communities of creators, developers, and designers. The collective company will have a massive, fast-growing market capabilities and opportunity to drive substantial value for consumers, stakeholders, and the business.

Adobe’s eminence has been ingrained in their ability to create new categories and deliver innovative technologies through inorganic acquisitions and organic innovation, said Shantanu Narayen, chairman and CEO, Adobe. Narayen added that the blend of Adobe and Figma is transformational and will accelerate their vision for collective creativity.

Adobe and Figma reimagines the prospect of creativity and productivity

Adobe and Figma contribute towards sharing a passion for assisting individuals and groups be more creative and productive. With Adobe’s and Figma’s sizeable product portfolio, the combined company will have a unique prospect to drive the future of work by bringing together capabilities for sharing, brainstorming, innovation, and partnership and providing these innovations to customers.

Accelerating creativity on the web

Makers are at present confronted with making an ever-rising volume of content in close partnership with an expanding number of investors. The web has become a ubiquitous platform that is making it simpler for groups to create together.

Improving product design

Digital applications are at the pivotal point of the people’s personal and professional lives, creating explosive development in the product design category. Adobe and Figma will aid all investors in the product design procedure, from product managers to developers, to designers, by creating strong capabilities from Adobe’s illustration, video, imaging, font technology 3D and photography into the Figma platform.

Inspiring and empowering the developer and designer community

Adobe’s pulsating creative community has been a driving force in encouraging the company’s continuous innovation. Figma has a fervent community who share and develop everything from templates to tutorials to plug-ins with their enormous and expanding network.

By 2025, Figma has a complete addressable market of USD 16.5 billion. The company is projected to add around USD 200 million in net new ARR this year, exceeding USD 400 million in total ARR exiting 2022, with top notch net dollar retention of more than 150 percent. Figma has built an effective, high-growth business with positive operating cash flows and gross margins of around 90 percent.

 

Tags: Adobecash and stockFigmamergers and acquisitions
Ritu M R

Ritu M R

Ritu is a professional who aims at writing informative and engaging articles that appeal to the readers.

Related Posts

Unlocking Possibilities with ChatGPT: What AI-Assisted Conversation Could Mean for You?
The Global Economics

Unlocking Possibilities with ChatGPT: What AI-Assisted Conversation Could Mean for You?

by Riya Thomas
February 7, 2023
AMC Theatre
The Global Economics

Want a Seat In The Middle of The Theatre? Pay More: AMC Movies

by Marifur Rahman
February 7, 2023
Contact- Egypt's Leading Financial Services Company Harnesses the Power of Artificial Intelligence
Exclusive Coverage

Contact- Egypt’s Leading Financial Services Company Harnesses the Power of Artificial Intelligence

by The Global Economics
February 7, 2023
Japanese map with flag
Banking

Japan Govt Approaches Amamiya Regarding Becoming BOJ Governor

by Anuj Singh
February 7, 2023
Electric data centre
Technology

Oracle To Invest $1.5 Billion Data Centre In Riyadh, Saudi Arabia

by Anuj Singh
February 6, 2023
Facebook Twitter Instagram Youtube LinkedIn Soundcloud
The Global Economics

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Unlocking Possibilities with ChatGPT: What AI-Assisted Conversation Could Mean for You?

Unlocking Possibilities with ChatGPT: What AI-Assisted Conversation Could Mean for You?

February 7, 2023
AMC Theatre

Want a Seat In The Middle of The Theatre? Pay More: AMC Movies

February 7, 2023
Contact- Egypt's Leading Financial Services Company Harnesses the Power of Artificial Intelligence

Contact- Egypt’s Leading Financial Services Company Harnesses the Power of Artificial Intelligence

February 7, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version