Adobe makes the BIGGEST-EVER Takeover by Buying this Company!

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Adobe has acquired Figma Inc. for an outstanding deal valued at a whopping $20 Billion.

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Adobe's decision to buy Figma Inc. can be considered a strategic decision as it will further enhance its creative tools.

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Adobe's $20 Billion acquisition deal has also become the Biggest-Takeover Deal of a private software company.

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Previously, Adobe's Biggest Acquisition was in 2018 when they acquired MARKETO for $4.75 Billion.

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Adobe's decision to acquire Figma for $20 Billion has also received criticism concerning they have massively overpaid in this deal.

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In Adobe's defense, they believe that by 2025 Figma's total addressable market will be worth $16.5 Billion!

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Adobe's mode of payment to Figma will consist of half cash & half stock.

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If the deal between Adobe & Figma which will be finalized in 2023 gets canceled both the parties will be obliged to pay a $1 Billion termination fee.

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Latest Ethereum 'Merge' has brought These Updates

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