Figma Will Be Purchased by Adobe for $20B

For over $20 billion in cash and equity

 Adobe has signed a binding merger deal to buy Figma

a significant web-first collaborative design platform

The acquisition builds on the purchases

 of the work management platform Workfront in 2020

and the agreement for Frame.io(opens in new tab),

a cloud-based video collaboration platform

and is a part of Adobe's continuous effort 

to broaden its tools for creative collaboration.