- Victor Hoppe
Adobe’s acquisition of Figma at a record valuation for a private software company
Adobe Inc., the software colossus, has announced its intention to acquire UI/UX leader, Figma Inc., in a staggering $20B deal, marking the largest buyout of a private software company to date. This strategic acquisition will position Adobe at the pinnacle of the collaborative-design software market, potentially boasting nearly 70% market share. However, the merger has garnered substantial regulatory scrutiny, with both US and EU officials probing into antitrust concerns. Amidst an uncertain macroeconomic backdrop and vocal Figma user base, the completion of the deal remains a contentious point in the tech industry.
