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Investors recoil as Adobe pays $US20B for Figma

By Chavi Mehta and Tiyashi Datta

Sep 16 2022 8:19AM

Investors recoil, company drops $30 billion in the market value.

Investors recoil as Adobe pays $US20B for Figma

Adobe agreed on Thursday to acquire Figma, whose products are used by software developers to collaborate, for US$20 billion, sparking investor concerns about the rich price tag that led to a drop of more than $30 billion in the market value of the Photoshop creator. Adobe chief executive ...

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