Adobe to Acquire Web Design Platform Figma for $20B

The $20 billion deal would bring one of Adobe's biggest web design competitors into its fold.

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Andrew Blok has been an editor at CNET covering HVAC and home energy, with a focus on solar, since October 2021. As an environmental journalist, he navigates the changing energy landscape to help people make smart energy decisions. He's a graduate of the Knight Center for Environmental Journalism at Michigan State and has written for several publications in the Great Lakes region, including Great Lakes Now and Environmental Health News, since 2019. You can find him in western Michigan watching birds.
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A phone with Adobe's logo on the screen, against a backdrop of white numbers on a blue screen

Adobe could bolster its web design credentials with its an announced acquisition of Figma.

Budrul Chukrut/Getty Images

Adobe is acquiring Figma, a leading web design platform, for $20 billion in stock and cash, the company said Thursday. Adobe touted Figma's widely used collaborative design tools in its announcement. Figma had been the strongest competitor for Adobe's own web design tool, Adobe XD.

Figma will continue to operate autonomously while also having ways to accelerate its growth, Figma CEO Dylan Field said in a blog post Thursday. 

"We will have the opportunity to incorporate their expertise in imaging, photography, illustration, video, 3D and font technology to the Figma platform," Field said. Figma will continue to be free for educational uses.

The transaction is expected to close in 2023, pending approval from regulators and Figma's shareholders.