Figma at $20 billion

Adobe’s Bid For Figma At $20 Billion Scared Investors

Adobe agreed to buy cloud-based designer platform Figma at $20 billion on Thursday, triggering investor concerns about the high price tag and dropping the Photoshop maker’s market worth by more than $30 billion. The cash-and-stock acquisition, the biggest purchase of a privately-owned software startup, gives Adobe ownership of a company whose web-based collaborative platform for …

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