Is Adobe buying figma?

Adobe is scooping up the smaller design platform for a huge sum, but Figma's CEO says it will continue operating autonomously. Adobe is spending $20 billion to acquire the collaborative design platform Figma, the companies announced Thursday. The deal, comprised of approximately half cash and half stock, is expected to close in 2023.

Is Adobe XD the new figma?

Read More. In September 2022, Figma announced that it was being acquired by creative tech giant Adobe. Figma’s UX/UI design software has long been favored by users over Adobe’s version, Adobe XD. With the recent announcement being a shock to many designers, let’s go over what we know about the collaboration between these two great companies.

What is figma & how does it work?

Born on the Web, Figma helps teams brainstorm, design, and build better products— from start to finish. Whether it’s consolidating tools, simplifying workflows, or collaborating across teams and time zones, Figma makes the design process faster, more efficient, and fun while keeping everyone on the same page.

Will figma change its price model?

Their collaboration has no intention of changing Figma’s current price model, much to the joy of its users who avoid Adobe pricing. Figma intends to use this opportunity to create bigger and better things for their Friends of Figma program—a program that collates global events of shared interest in design.