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The companies have agreed on a purchase price of around 20 billion dollars (19.98 billion euros), as announced by Adobe on Thursday in San Jose. The amount is to be paid in cash and treasury shares.
Founded in 2012, Figma is a startup specializing in collaborative software tools for creating web designs. According to his own statements, his customers include large tech companies such as Airbnb, Google, Spotify, Netflix and Twitter. Adobe plans to complete the acquisition next year, subject to regulatory and shareholder approval.
The plan was initially not well received by investors: Adobe’s shares reacted on the NASDAQ with a price slide of 17.11 percent at times to 308.00 US dollars. The former Wall Street darling has been under pressure on the financial market for some time – in the past twelve months the share has fallen by more than 40 percent. Figma is not listed on the stock exchange.
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