Adobe to acquire design platform Figma for $20 billion

Adobe announced Thursday greeting that it volition get plan bundle steadfast Figma successful a woody worthy astir $20 cardinal successful currency and stock.

"Adobe's greatness has been rooted successful our quality to make caller categories and present cutting-edge technologies done integrated innovation and inorganic acquisitions," said Shantanu Narayen, president and CEO, Adobe. "The operation of Adobe and Figma is transformational and volition accelerate our imaginativeness for collaborative creativity."

Shares of Adobe slid much than 8% successful premarket trading connected Thursday.

This is breaking news. Please cheque backmost for updates.